I'm the co-trustee/sole beneficiary of my deceased mother's inheritance. A lawyer is also a co-trustee and must approve disbursement of the funds according to my mother's will. My mother set up a trust fund that I can use money for "upkeep/maintenance/living expenses" as I see fit. What falls into "upkeep/maintenance/living expenses"? Specifically, I'm in arrears for child support/alimony and want to use the money to pay off the debt. Is this prohibited? Is there anyway the lawyer will not allow me to use the funds for this purpose?
Thanks for your time.
Answer
The funds are for your upkeep/maintenance/living expenses - not for the support of others.
I suggest you talk with the attorney and see what he would consider.
No comments:
Post a Comment