Can different beneficiaries be paid out differently from the same trust fund?
Can different beneficiaries be paid out differently from the same trust fund? Madison Assistant at Parklin Law There are a number of reasons to create a trust fund. One of the most common is to provide for your family members in case you pass away and leave them with no source of income. But one thing that some people don't realize is that different beneficiaries can be paid out differently from the same trust fund. For example, you can set up a trust that pays out $250,000 to your son and $175,000 to your daughter—as long as it's all from the same sum of money. In other words, if your nephew is also named as a beneficiary, he'll receive only what's left over after the two children have received their specified portions. The structure of a trust fund is one of the most important parts of planning for its use; if it's not written correctly and carefully thought through, it could be difficult (if not impossible) to get the money out. When it comes to dividing up mone...