Under the terms of a living trust, a trustee may be directed to make discretionary distributions for education of trust assets. Read more here.
Articles about Distributions
The trustee faces potential liability if proper care is not taken distributing trust assets during a trust administration.
Trustees may be directed to make discretionary distributions for support. View here for seven examples of permitted expenses that are considered “support.”
Orange County Estate Planning Attorney Jim Roberts explains taking Your Required Minimum Distribution And What Happens If You Don’t Take It.
During the estate administration process, many expenses can arise. The administrators are responsible for making sure these bills get paid.
tax responsibilities of a California trustee. View here for more information from an Anaheim trust attorney.