linduca1216
Level 7
09-14-2020
06:59 PM
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To explain further,
Sorry, I didn't provide this info. this is an irrevocable trust created upon death of the owner.... Trust indicates all assets to be distributed to beneficiaries in set percentages. Held off on distributing all the cash to be sure all obligations were taken care of first (contributions, expenses, etc.) Stock was transferred "in kind," to beneficiaries, but not all beneficiaries received cash in the initial round of distributions. (Remaining beneficiaries were aware, etc of the cash distribution made)