How Do You Dispense A Living Trust?
A trustee can dispense trust property at any time as long as the disbursement is consistent with the terms of the trust, an applicable statute, or a court order. Most trusts give trustees broad discretion on making trust disbursements. The trust document also might provide specific instructions for how to make trust disbursements; however, most trusts are silent on this. Trustees should follow a few basic steps when dispensing of trust property. Dispensing Trust Property Step 1 Review the trust document for any specific provisions regarding how or when trust property can be disbursed. Step 2 Follow any specific instructions regarding how to carry out trust disbursements. Step 3 Transfer property possession. If the trust document is silent on how to dispense trust property, you can simply transfer physical possession of the property to the beneficiary. Step 4 Execute documents. If you are dispensing trust property that requires a certificate of title, such as real estate or stock certif
