M
martin moon
Guest
i would like to know about a trust fund that some friends of the family are having difficulty with. the couple with the problem are both in their lower 80's the just inherited approx $80,000 from a cousin that died. this money is in a trust that is according to them a 10 year fund that they can't touch. it is my belief that this couple will probably not live another 10 years. these people need the money. what recourse do these people have? i understand they probably have to pay penalities and taxes. also is it possible to move the money to a different bank that is closer to their home? the current bank is approx 4 hrs from them. the state in question is iowa.