Question
You, a CFP certificant, are the account representative of an irrevocable trust. Mrs. Cain set up a trust for her daughter Janes son, Thomas. Mrs.
You, a CFP certificant, are the account representative of an irrevocable trust. Mrs. Cain set up a trust for her daughter Janes son, Thomas. Mrs. Cain named her son, Robert, the trustee of the trust for Thomas, now age 14. Jane has lost her job, gotten a divorce, has custody of Thomas, but per the divorce decree receives no alimony or child support. Mrs. Cain refuses to help her daughter. That is why she set up this trust for Thomas with her son as trustee. Jane has called you requesting a distribution from the trust so she can have money to support Thomas. Robert will not approve the distribution. What should you do?
Group of answer choices
A .Deny the request for distribution
B. Get a written approval from Robert
C. Call up the attorney who drew up the trust
D. Consult your broker-dealer attorney
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