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Merging A & B Trust Expand / Collapse
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Posted 2/16/2007 7:47:43 AM
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If you have a Decedents (B- died 2000) trust and Survivors (A - died 2005) Trust, and now that both parents are dead, can you merge the two. The beneficiaries of both trusts are exactly the same. What would be required to do so? (Can you just move assets of A to B? or need to set up new trust?)Or would this violate the wording of trust that I believe requires distributions to the beneficiaries. 

They also mentioned forming Lifetime Benefit Trusts. The reason they say for not distibuting, is that there is a farm that has not sold, and they are not sure of its future. Thank you very much.

Post #330
Posted 2/16/2007 10:17:14 AM
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Please double check on each of the trust provisions about distribution, and tell us what they say.  Some provide for the survivor's trust to pour into the bypass trust before distribution, some don't.

John Jacobson
Post #331
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