What is the name of your state (only U.S. law)? Oregon
What happens when Trustee distributes some assets to grandchildren rather than the beneficiaries of the irrevocable trust (grantor died). Everyone involved in the trust (beneficiaries) has agreed to the transaction. What are the problems involved. The proposed shortcut would eliminate the middle person (the listed beneficiary). The beneficiary plans to gift all inheritance to grandchildren anyway.
What happens when Trustee distributes some assets to grandchildren rather than the beneficiaries of the irrevocable trust (grantor died). Everyone involved in the trust (beneficiaries) has agreed to the transaction. What are the problems involved. The proposed shortcut would eliminate the middle person (the listed beneficiary). The beneficiary plans to gift all inheritance to grandchildren anyway.