What is the name of your state (only U.S. law)? Kentucky
I have an irrevocable trust established several years ago, setup for a special needs beneficiary. Recently, an attorney has drafted a very similar irrevocable trust. The older trust was basically unfunded (10 dollars). My new Will now directs funding only the new trust.
Trustee will only have a copy of the new trust at my passing. My concern is whether trustee could, in any way, be governed by the existence of the old trust?
If so, would funding the trust before my passing eliminate such concerns.
Thank you for any advice
I have an irrevocable trust established several years ago, setup for a special needs beneficiary. Recently, an attorney has drafted a very similar irrevocable trust. The older trust was basically unfunded (10 dollars). My new Will now directs funding only the new trust.
Trustee will only have a copy of the new trust at my passing. My concern is whether trustee could, in any way, be governed by the existence of the old trust?
If so, would funding the trust before my passing eliminate such concerns.
Thank you for any advice
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