Understanding trust distributions – They do not work like a bank or investment account


How does a trustee decide how and when to make distributions from a trust to a beneficiary? When making distributions, the Wisconsin Trust Code says the trustee must act (1) in good faith; (2) in accordance with the terms and purposes of the trust instrument; (3) in the interests of the beneficiaries; and (4) if there are multiple beneficiaries, impartially considering the beneficiaries’ respective interests.

The most important first step for the trustee is to read the trust instrument. This…

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