If my mother left me a Trust for an inheritance, is there a way to convert it to something that I can access before she passes?
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If my mother left me a Trust for an inheritance, is there a way to convert it to something that I can access before she passes?
Also, she is stricken with Alzheimer’s and is otherwise physically healthy. The problem is she has no problem with me having the money now but due to her dementia i can’t legally have her sign any papers. Just so you understand, I myself am on disability and 3 months away from being homeless. I don’t want to do anything that could get me in trouble.
Asked on May 17, 2014 under Estate Planning, New York
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
You need to carefully read the terms of the trust as to whether or not you have access to its corpus presently or if you have to wait until after she passes. For this, I suggest that you consult with a Wills and trust attorney in your locality to assist you in the endeavor. One in your locality can be found on attorneypages.com.
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