Beaumont, TX asked in Estate Planning for Texas

Q: I am a beneficiary of an Irrevocle trust. I've had one distribution so far of $10k about a month ago. My uncle is trusT

NyNice Trustee said 4 more months till next distribution. I'm currently in an emergency situation and desperately need a loan. I have a spendthrift trust. Do I have any options?

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1 Lawyer Answer

Terry Lynn Garrett

PREMIUM
Answered
  • Estate Planning Lawyer
  • Austin, TX
  • Licensed in Texas

A: You can explain the situation to your uncle. Depending on the terms of the trust instrument, he may or may not be able to make a distribution. A beneficiary can request a distribution but has no right to one.

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