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-   -   What are the cons of investing in a charitable trust? (https://www.askmehelpdesk.com/showthread.php?t=444675)

  • Feb 8, 2010, 03:01 PM
    washingtonlady
    What are the cons of investing in a charitable trust?
    A relative invested all her money in a charitable trust. Now she is in a nursing home and just getting living expenses out of the trust is very difficult. Can she take her money out of the charitable trust and put it in the bank?
  • Feb 8, 2010, 03:07 PM
    Fr_Chuck

    Depends on the terms and conditions of the trust. You need to get a copy of all the paper work she signed and have an attorney review it carefully.

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