[WSBARP] Use of TEDRA to defeat legacy trust

[Robert West]

Decedent had executed a legacy trust providing for the annual distribution
of 70% of the net income to six beneficiaries for up to 35 years, coupled
with a restriction on invasion of the corpus for supplemental care,
education, etc. The trust provides that 30% of the net income is to be
reinvested annually.  All beneficiaries would prefer to have the trust
terminated and distributed in full.  It seems that goal could be
accomplished through a TEDRA agreement signed by all beneficiaries.
Thoughts or comments would be appreciated.  

 

Robert E. West, Jr. 
WEST LAW OFFICES, P.S.
Attorneys at Law
332 1st Street NE 
Auburn  WA  98002 
Telephone:  253-351-9000 
Facsimile:    253-833-5322
E-mail:   <mailto:rwest at westlawoffices.com> rwest at westlawoffices.com
Website:   <http://www.westlawoffices.com/> www.WestLawOffices.com   

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