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Question for the Money Doctors

Question submitted on Apr 15, 2010.

Question

I have an irrevocable trust with my three sons named as beneficiaries. Can only one son draw money out of that account or do all three have to sign?

Answer

I recommend that you contact the attorney that drafted your trust and he should be able to provide you an accurate answer. Every trust has different language, so I am unfortunately unable to provide you with an appropriate response since I don't know what language is in the trust.

My apologies for passing you back to your attorney.


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