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If you set up a trust fund to look after an aging parent what happens to the balance of the trust fund once the parent dies?
Wiki User
∙ 15y ago
Please answer the question: If a trust fund is set up to look after an aging parent what happens to the balanc of the trust frun onc the parent dies?
Wiki User
∙ 15y ago
Once the parent dies, the balance of the trust fund depends on the terms and conditions outlined in the trust document. It can be distributed to the named beneficiaries, such as other family members or charitable organizations, or it may be specified to be used for specific purposes, such as covering funeral expenses or paying off outstanding debts. The distribution would be carried out according to the instructions provided in the trust.
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