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ITG FAQ #7 Answer-When may proceeds from the trust be disbursed to the parents or guardians of a minor or legal incompetent?

Trust proceeds cannot be available to a beneficiary (until the beneficiary attains a specified age) or a legal incompetent (until the individual ceases to be a legal incompetent) except for distributions for the health, education, or welfare of the beneficiary (or legal incompetent) made at the sole discretion of the trustee pursuant to the governing trust instrument.

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Page Last Reviewed or Updated: 02-Aug-2016