How To Break a Living Trust?
by J T B
(Oakland County, MI )
Trust was set up by Grandma for Daughter and 3 now adult children. Mom has passed. Children were told Trust would not be separated..as the 3 kids have very different levels of need..but stay as one.
The executor of the trust is an attorney...you would have to call him and let him know what you needed the funds for...and he would decide if you got the money. This is how it was set up for our mom, and we do not feel he worked in her best interest....
We want to dissolve the trust, we are the surviving beneficiaries. Would we have to go to court to break the trust? We just want to cash it out and divide it three ways.
This is in Michigan by the way.