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  1. #1
    Join Date
    Jun 2011
    Posts
    1

    Question Can a Trust Be a Grantor of Another Trust

    My question involves estate planning in the state of: CA

    Here the deal, My father is the trustee and beneficiary along with three other siblings of a trust his parents created which are deceased . real estate property has been liquidated . His siblings would like to create a trust for their children from these assets. But My father and Aunt have creditors and does not want to lose federal assistance. I understand that a creditor can come after assets of a trust if grantors of a trust has creditors Correct?
    Can the trustee somehow simply bypass the beneficiaries of a trust and fund new trusts?
    Or is it best to leave some money in trust and many smaller disbursements.

    Thanks,

  2. #2
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Can a Trust Be a Grantor of Another Trust

    so, they want to know how to cheat the system and not pay their debts, right?

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