Difficulty: Moderate Instructions
Things You’ll Need:
- Trust agreement
- Step 1
Follow the trust agreement to the letter, no matter what his relationship with the beneficiary may be. The trustee is selected to act impartially and must carry out the duties established by the trust. While the trustee is in control of the trust, you do not own it and may not do anything for personal gain. You also may not make any changes or end the trust, except as outlined in the trust agreement.
The trust may proscribe alternate beneficiaries, in case of the death of the original beneficiary or other circumstances which may make the selection of a new beneficiary necessary.