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Can distributions be made before trust accounts are opened? | NC

Pierce Law Group

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Q: Can estate distributions be made before the children's trust accounts are opened? A: Usually, no. If the will says a child’s share must go into a testamentary trust, the personal representative should not pay that share directly to the child or put it into an informal account. The will creates the trust, not the bank account. But the trustee still needs a proper way to receive and track the…

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