This can only be done by the person that is in control of the trust fund, if that person is decease it probably can't be done.
My Aunt Martha was appointed guardian of my trust fund.
No. The owner of the retirement fund would need to have the legal capacity to make that change. You can't change their will either. It is disturbing to think that after a person has decided who should receive their property after their death, someone would come along and think they could change it after they have become legally incapacitated.
You do pay taxes if you set up a trust fund for someone. Depending on the type of trust, the money can be sheltered in some tax free forms but in general the person receiving the trust fund will eventually pay taxes even on those types of shelters.
trust fund overage
You cannot get access to a trust fund. A trust is managed by a trustee and the trustee is the only person with the authority to access the trust property. The trustee must manage the trust according to the provisions set forth in the trust document. If you are a beneficiary of the trust you should ask the trustee for a copy so that you can review the terms.
"Fondo de fideicomiso" is "trust fund" in Spanish.
The state of California dept of Corrections DOES NOT have access to a prisoners trust fund. A trust fund is exempt.
Usually there is a trust fund that a Teamster's pension is paid for. An example of this kind of a trust fund is The Teamsters Pension Trust Fund of Philadelphia and Vicinity.
College Trust FundThe College Trust Fund 529 Plan is the most popular and successful type of trust fund for adults trying to have money for college
It depends on the type of trust and how it was set up. If it is irrevocable, it cannot be changed except by a court. The person that set the trust up may be able to make changes to it. In most cases the beneficiary will not be able to change it. In some trusts, there are clauses that allow for it to be dissolved if the trust meets certain requirements, or the beneficiary reaches a certain age.
One can find child trust fund comparisons from Kiss Trust and Trust Egg. One can also find child trust fund comparisons from Money Saving Expert and The Children's Mutual.
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