Ibar Special Needs Trust Advisors

Let’s say a rich uncle died and left you a hefty inheritance. Instead of receiving one lump sum, you learn that the money is to be held in a trust and you are to be given $5,000 a month with the money being used in a specific way. You quickly google trust and trust fund and learn that a trust is a legal agreement outlining how financial and other assets, held in a trust fund, will be managed and distributed on behalf of another person. You also learn that the trust will be administered by a third-party and you are the beneficiary of the trust. Legal Rights Under the law, a beneficiary of a trust has the legal right to monitor the activities of the trust. This means they can review, usually with an attorney or financial advisor, the investments as well as all expenditures and receivables of the trust. Every trust has stipulations on how the trustee in trust must manage the trust, even outlining how much the trustee in trust should be paid. The trustee in trust is responsib...