Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What if I enroll in the Third Party Pooled Trust, but learn later that I don’t have enough money to actually fund my child’s trust? Do I bear legal liability to contribute to the trust?

0
Posted

What if I enroll in the Third Party Pooled Trust, but learn later that I don’t have enough money to actually fund my child’s trust? Do I bear legal liability to contribute to the trust?

0

No. Your enrollment lets you use the Third Party Pooled Trust if you want, but does not obligate you to do so. Some parents may enroll as a hedge against other plans not working out. Of course, if you do not leave money, then there will be no money to distribute.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123