Ask Experts Questions for FREE Help !
Ask
    washingtonlady's Avatar
    washingtonlady Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Feb 8, 2010, 03:01 PM
    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?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #2

    Feb 8, 2010, 03:07 PM

    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.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Income Tax Deduction from Charitable Remainder Trust [ 4 Answers ]

Hi, I am considering setting up a Charitable Remainder Trust through which I am told that I can get benefit of Income Tax Deduction and Estate Tax Benefit apart of satisfaction of donating my property to a good cause. Though I am clear with the Estate Tax Benefit, I am unable to figure out...

Charitable Remainder Trust [ 2 Answers ]

Hi, I am considering setting up a Charitable Remainder Trust through which I am told that I can get benefit of Income Tax Deduction and Estate Tax Benefit apart of satisfaction of donating my property to a good cause. Though I am clear with the Estate Tax Benefit, I am unable to figure out...

Investing. What do I need to know, Where to start, Who to Trust [ 6 Answers ]

Hi Everyone, I am 25 yrs old and wanted to start investing. I have 2,500 to start. What could I do that would double or triple my money within a year and a half. How do I go about investing in stocks, bonds, etc.. I know everyone says real estate is a sure shot, is there anyone out there that...

Equity and Trusts-charitable trust [ 1 Answers ]

I have a question to do for equity and trusts I gather it is on chartable trusts and am absolutely lost! the question is as follows Andreas is the proprietor of cost world Furninshings Ltd. In 2001 he conveyed 1million to his trustees and made the following declarations one fifth is to be used...

Revocable Trust (Grantor) Trust w/3rd party trustee [ 2 Answers ]

It was my understanding that if a grantor set up a revocable trust and a third party (let's say a bank) was named as trustee, the trustee was required to file a Form 1041. I am unable to locate any IRC or other guidance that would confirm or deny this. Please help. Thank you. Diana

View more questions Search