How do I locate and accessa trust fund?
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How do I locate and accessa trust fund?
I was told by my father I have a trust fund. He is not deceased, due to certain circumstances, I can’t ask him about it. I’m 18 years old, so I think I can access it, if it’s a living trust. From what I was told, this type of trust was set up with a key amount of money, which could never be touched; I would receive interest from the amount put into it. I’m not sure when this trust was created, the amount put into it, how much interest it has accumulated, or how much I can take out of it now. I do have an idea which bank it would be in. So, I need to know how to locate and access it.
Asked on August 22, 2010 under Estate Planning, Illinois
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
I am sorry for your situation but I am not sure that you can locate and access it because you really have no idea what type of fund it is and if you are even entitled to it at this point. You say "living trust" but I am not sure that you are using the right term for your situation is correct and those type of funds can be revocable, meaning that your Father could end your being the beneficiary to the trust at any time. There are so many options and they can be tailored in so many different ways. If you were entitled to the fund at 18 and it is still in existence then I would seek help from an attorney who can put you in touch with an asset locating company who may be able to help. Good luck.
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