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Thomas McJD
Thomas McJD, Attorney
Category: Estate Law
Satisfied Customers: 3170
Experience:  Wills, Trusts, Probate & other Estate Matters
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Myself and two others are trustees testamentary trust set up

Customer Question

Hi, my name is***** and two others are trustees for a testamentary trust set up with myself as the sole beneficiary.
this has been in place for the last three and a half years.
I would like to close down the trust and put the money left in the Trust in a term deposit account.
The problem that I am having is that when I ask the Trustees for funds they always want me to justify it. I am selling my apartment buying a townhouse. I do not believe that they will let me do this. My mother set up the trust but i do not think that she knew I would have so little control over my life.
I have not been happy with the way that they treat me for some time.
Can I close down this trust?
Submitted: 1 year ago.
Category: Estate Law
Expert:  Law Educator, Esq. replied 1 year ago.

Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.

Is the trust an irrevocable trust? Does the trust have any provisions regarding concurrence of trustees to make decisions?