Can I be in control of the trust and not be able to touch it? 4 Answers as of August 07, 2017

I’m 23. I have a trust that I can't touch. What do I do with the trust? Do I have to get someone to be guardian? Do I gunned a guardian for the trust?

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Irsfeld, Irsfeld & Younger LLP | Norman H. Green
"I have a trust that I can't touch." What does this mean? Every trust has three parties: Settlor (or Trustor) who forms the Trust and puts something into it. Trustee who manages the Trust Estate. Beneficiaries who get the economic benefit of the Trust. It is certainly possible for you to be trustee of a trust from which you are not authorized to take distributions for yourself. Guardians are for minors only.
Answer Applies to: California
Replied: 8/7/2017
Law Office of Kimberly Fives | Kimberly Fives
There should already be an executor of the trust. Generally, if you are the beneficiary of a trust you will receive its contents via the executor until you reach the age at which the trust becomes yours to handle.
Answer Applies to: California
Replied: 8/7/2017
Patrick W. Currin, Attorney at Law | Patrick Currin
It is possible to be a Trustee and not have access to the estate. You can hire an attorney to help you with administration.
Answer Applies to: California
Replied: 8/7/2017
Law Offices of George H. Shers | George H. Shers
You certainly can be the trustee the person who operates the Trust per the Trust instructions without getting any benefit from the Trust. You do not really own it as you are restricted as to what can be done with the assets of the Trust. You cannot pick someone to be Trustee unless the trust instructions give you that power. There are Nolo Press books that describe trusts in layman terms.
Answer Applies to: California
Replied: 8/7/2017
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