R
roamer5
Guest
My sister is trustee for an Irrevocable trust from one of our Aunts who passed away. The trust specifically states that $75,000 must remain in the trust to generate income for another relative of ours. When that relative passes away, then the $75,000 is to be distributed in equal shares to my sister and myself.
My sister would like to move the $75,000 from the trust into her name to reduce paperwork and to not have to deal with the emotional burden of the trust. She will ensure that the income will still be paid to the beneficiary. Can she do this?
My sister would like to move the $75,000 from the trust into her name to reduce paperwork and to not have to deal with the emotional burden of the trust. She will ensure that the income will still be paid to the beneficiary. Can she do this?