I have a trust fund that was opened for me as a child..since then my grandfather that opened it has passed on..My question is would i need a death certificate to withdraw the money? btw im over 21 years old...Thank You
2006-12-18 03:51:55 · 2 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Trust funds operate on the terms of the trust. Think of it as a set of instructions for someone on how to take care of his property, then to turn it over to a beneficiary at a stated time.
He could have set it up to pay at age 21, 25, 30, 65...you don't know.
You need to contact the manager of the trust and see what the provisions are for payout.
2006-12-18 03:54:49 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Bill is correct. This all depends on the wording. It maybe you only can access the Interest and only certain times. May not be able to access the principle until you 50. If, you die at 45 it may transfer to your children. There many ways this can work. Contact the Fund Manager as Bill says and find out.
2006-12-18 12:01:56 · answer #2 · answered by Snaglefritz 7 · 0⤊ 0⤋