Can You Be Forced Into Early Estate distribution
We are in the process of splitting up my parents living trust estate. I was told that we couldn't do any splitting or distribution till January since that is when the new tax year begins. I really want to get this over with since my sibling is being difficult and want to be done with her. So my question is can we split the stocks, bank account etc now or do I have to wait till January. Thanks for your help.
Annie
Can we be forced into Early Distribution?
My husband is successor trustee of my parent's estate. Both of my parent's were in nursing homes before they died so much of their liquid cash is gone. My sister wants an early distribution of some cash because she is broke. The only way we can do it is to cash in stock or liquidate an IRA. My husband doesn't want to do this. Can my sister force the issue? She was estranged from my parent's for the last 5 years- and she doesn't understand why their liquid cash is gone. She just wants cash no matter how we get it- HELP!