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Can a parent close a child's trust fund?
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11-18-2009, 12:00 AM
tlatrice2002
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Join Date: Nov 2009
Posts: 1
Can a parent close a child's trust fund?
Have their been cases where a parent has decided to close a trust fund that they'd set up for a child?
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11-18-2009, 12:11 AM
the tax lady
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Join Date: Sep 2009
Posts: 94
Sure it happens all the time.
The parent as trustee can be sued for not handling the money correctly.
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