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  2. I'm a Trustee. Can I Remove a Beneficiary From a Trust? - AOL

    www.aol.com/trustee-remove-beneficiary-trust...

    For example, say that the beneficiaries believe the trustee is siphoning assets away from the trust for their own benefit. They could initiate a court proceeding to have the trustee removed and ...

  3. What Do My Beneficiaries Need to Know About Trusts & Money? - AOL

    www.aol.com/does-beneficiary-money-trust...

    Lastly, the grantor may give the trustee the power to decide what the beneficiary acquires from the trust and when. If the beneficiary is young or struggles with money management, often times, a ...

  4. Disclaimer of interest - Wikipedia

    en.wikipedia.org/wiki/Disclaimer_of_interest

    In addition to the more typical disclaimer under wills, an individual may also be able to disclaim his interest as the beneficiary of a life insurance policy or employee benefit plans. It may also apply to concurrent interests in real property that automatically transfer after death by operation of law rather than by the rules of inheritance ...

  5. Letter of wishes - Wikipedia

    en.wikipedia.org/wiki/Letter_of_wishes

    The trustees are not legally bound to follow a letter of wishes, but it is guidance that they must take into account and in practice it is usually followed. [1] It is mainly used because it is easy to change, unlike amending a will or trust deed, and will remain private among the trustees.

  6. Don't Sleep on This Difference: Family Trust vs. Living Trust

    www.aol.com/finance/dont-sleep-difference-family...

    Living trust beneficiaries can include family, friends, charities, alma maters, pets and others. By contrast, family trusts are designed to benefit only the family members of the grantor.

  7. Discretionary trust - Wikipedia

    en.wikipedia.org/wiki/Discretionary_trust

    In the trust law of England, Australia, Canada, and other common law jurisdictions, a discretionary trust is a trust where the beneficiaries and their entitlements to the trust fund are not fixed, but are determined by the criteria set out in the trust instrument by the settlor. It is sometimes referred to as a family trust in

  8. United States trust law - Wikipedia

    en.wikipedia.org/wiki/United_States_trust_law

    The most infamous example would be beneficiaries who clamor against the trustee to "bust the trust" based on the strict limits the trust (or the trustee) may impose on the trust assets. In many of these cases, the UTC provides beneficiaries (and trustees) relief to provide the flexibility needed to dispose of trust property under certain rules.

  9. What happens to your bank account after you die? - AOL

    www.aol.com/finance/what-happens-to-bank-account...

    Adding a beneficiary or a joint account holder to your bank accounts is a great way to transfer assets to your family in a clear-cut way. You avoid the hassle of probate, and your assets are ...

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