The Trust Fund
We have all had questions on The Trust Fund before. Below are the top questions posed by visitors just like you to our. We hope our answers located below will help you solve your funding problems today. Feel free to ask another question, or even comment on what has been written.
There has been a lot of debate recently regarding The Trust Fund, and it is therefore critical for you, the reader, to grab all of the information that is out there on the vast topic of funding. Your funding can have a huge impact on your future, so don’t procrastinate any longer. Read up on The Trust Fund today!
Charlie Said:
Can trust fund penalties be negotiated to lower the debt even though a person has assets ie: a house?We Answered:
you can always negotiate down fees with the irs.. they are always willing to take payment over non and having to file go to court to collection.Eleanor Said:
How do I collect money from my trust fund?We Answered:
1. Do not use email. Write.2. You are making a lot of assumptions. Trusts can be written with many terms and conditions. The trust may *never* terminate, it may terminate when you are 30, 25, 21 or 18. The terms of the trust may be that until you hit the magic age, you can only request money that is used for your benefit.
So, if you have specfic plans like college, ask about it. (And if you are going to college, you'll be filing FASFA forms and you will definitely need her assistance in listing the trust assets on the form.) If you are planning trade school, ask.
The trust may be designed, intentionally, to *not* give you a windfall at age 18 so you can go buy a car.
Andre Said:
How do I find details on an existing trust fund?We Answered:
No. Such trusts are private and generally only the grantor(s) and the trustee(s) have access to the details.Samuel Said:
What is the first step in creating a charitable trust fund?We Answered:
Make an appointment with an attorney - preferably someone who specializes in this kind of thing.Christopher Said:
How do I get information on my trust fund?We Answered:
Ouch!The trust is probably with a bank, there is no need to register it with a court of any type. A trust may be subject to taxes, so you might contact the state of Florida. You should also check the funds being held in escrow in the State of Florida, they may have dissolved the trust a long time ago, particularly if they were not able to locate or contact the beneficiaries..