[WSBAPT] HEMS Trust - car purchase?
Brent Williams-Ruth
brent at williams-ruthlaw.com
Thu Apr 20 13:04:51 PDT 2023
Greetings List -
Trustee of a HEMS trust that provided for nothing specific other than
college education (in addition to Health, Education, general maintenance
and support) would like to purchase a car with the money. The beneficiary
just turned 18. The trust is through the age of 25.
When I have my estate planning hat on - when I do HEMS testamentary trusts,
I ask my clients if they would like to allow for car purchase and have them
establish parameters (a Bentley is as much as car as a Honda).
I have never come across this situation to date on the administration side
from a Will that didn't expressly allow.
Appreciate thoughts and experiences.
*Brent Williams-Ruth* (pronouns: he/him)
*Attorney-At-Law*
*Law Offices of Brent Williams-Ruth, **a division of BWR Consulting, PLLC*
*Physical Address: 500 S 336th Street, Suite 214; Federal Way, WA 98003*
***EFFECTIVE IMMEDIATELY** All mail sent through the USPS should be sent to
the following address: **PO BOX 3319; Federal Way, WA 98063 *
Office/Scheduling Phone: (253) 285-7751
Direct: (253) 285-7453
e-mail <Brent at Williams-RuthLaw.com> / website
<http://www.williams-ruthlaw.com/> / facebook
<http://www.facebook.com/bwrlaw> /
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