As a beneficiary of a terminating trust, it is important to understand the timeline for when you will receive your distribution, what form it might take, and the choices you may need to make.
• It can, in some cases, be more than a year from the time a trust terminates to when a beneficiary receives his windfall. Learn the types of circumstances that affect payout timelines.
• Many trusts hold a variety of assets. Learn the differences between cash and in-kind payouts and the considerations that might affect the form distributions take.
• Some beneficiaries choose to keep their inheritances managed together. Weigh if this makes sense for you.
• What you choose to do with your inheritance can affect your existing wealth plans or precipitate the need for additional planning.
Receiving a trust distribution may take some time to actually occur, and there are a number of decisions you may need to make. Learn your options, what to expect, and how to plan for your financial windfall
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