New York, NY asked in Estate Planning and Probate for New York

Q: 120 characters for a legal question? See "More information".

"When such beneficiary reaches the age of 24 years the principle then remaining and any accumulated income shall be paid over to the beneficiary." What does the above mean regarding the inheritance of a trust? ie. is this trust being passed on OUTRIGHT AND FREE OF TRUST?" Does the above phrase mean the same thing as inheriting outright and free of trust?

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1 Lawyer Answer
Howard E. Knispel
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Howard E. Knispel
Answered
  • Estate Planning Lawyer
  • Commack, NY
  • Licensed in New York

A: First, this is not a "Family Law" question. It is an estates question. However, any lawyer would need to see the entire trust to interpret it. What you are describing appears to be a final distribution of an asset, meaning it would no longer be governed by the trust, but, ahgain, that is a guess without seeing the entire trust.

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