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Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 12679
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
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Can i get my trustee to pay my bills i have no money to pay

Customer Question

can i get my trustee to pay my bills i have no money to pay as my taxes ins teeth glasses
JA: What state are you in? It matters because laws vary by location.
Customer: tx
JA: Has anything been filed or reported?
Customer: just normal will stuff
JA: Anything else you want the lawyer to know before I connect you?
Customer: no
Submitted: 1 month ago.
Category: Tax
Expert:  Lane replied 1 month ago.

Hi My name’s Lane - I hold a law degree (J.D.), with concentration in Tax Law, Estate law & Corporate law, an MBA in finance, a BBA, and CFP & CRPS (Chartered Retirement Plans Specialist) designations, as well - I’ve been providing financial, Social Security/Medicare, estate, corporate, non-profit, and tax advice 1986.

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I'm sorry, but you'll need to provide more information. The bot***** *****ne is that this depends on the terms of the trust (the language in the trust document) - said a little differently, the TYPE of trust.

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If this is a credit shelter trust, then you should be able to, becasue typical credit shelter trusts aer set up too allow the surviving spouse to get what's needed for Health, Education, Maintenance & support (HEMS is the acronym).

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But if this is a special needs trust (also called a supplemental needs trust) certain types of disbursements – most notably payments for food and shelter-- may reduce the amount of SSI and other government benefits.

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Can you give me more detail about the trust AND what you know about the discretion the trustee has to distribute assets?