How do trust distributions work?

When one spouse passes, the trust will continue in effect for the benefit of the surviving spouse. The surviving spouse will have the power to direct the distribution of all trust assets. If the surviving spouse becomes incapacitated or disabled, the trustee may distribute trust funds for the benefit of the surviving spouse and/or his/her dependents.
In the event both spouses become disabled and unable to manage the trust assets, your trustee may make distributions from the trust assets to provide for the health, education, support, or maintenance of any person(s) that are dependent upon you.


Posted

in

by

Tags: