2007-05-21 11:55:07 · 4 answers · asked by vrobin20 1 in Business & Finance ➔ Personal Finance
Totally depends on the terms of the trust, which are on a written trust agreement set up when it was started. The executor must provide you with a copy of the trust terms. If the executor is unwilling to give you the information, find a lawyer. but.... a trust may have been set up to delay disbersing the funds till you are 21, or 50, or 100.
2007-05-21 12:52:44 · answer #1 · answered by squeezie_1999 7 · 0⤊ 0⤋
Yes, It happened to me. There are terms of the trust that the person who placed the money in the trust may have made. Could be dependent on age, in my case it was dependent on my successful completion of college. I went to cash it in and the judge put a freeze on the assets until I could prove I had my degree. You should be able to obtain a copy of the trust agreement. Also sometimes a judge can freeze the assets due to legal action taken against you, such as a settlement in a civil case. You are going to want to consult an attorney, to find out why.
2007-05-21 20:16:43 · answer #2 · answered by rdwoelfe 3 · 0⤊ 0⤋
There are many legal circumstances that can cause a judge to freeze assets or put a hold on trust fund assets. There is probably a deeper, more involved story that leads up to your question, hence the best resource for you would be an attorney.
2007-05-21 19:00:55 · answer #3 · answered by nothing 6 · 0⤊ 0⤋
Yes indeed.
And if that is even being discussed then you have some SERIOUS thinking to do about WHY it is being discussed!
2007-05-21 19:13:57 · answer #4 · answered by Anonymous · 0⤊ 0⤋