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Is there anyway that a trust account can be cashed out early?

I recently received a trust payout from My parents will.I have 2 more payments at 5 and 10 years from now?

8 Answers

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  • R T
    Lv 7
    5 years ago

    There are companies that will buy the rights from you. Beware, they will not pay you the full amount you would get if you waited, but you can get the cash now. The difference between what they pay and the total payout is their fee for waiting it out.

  • tro
    Lv 7
    5 years ago

    there are companies who offer to pay you now for the future payments you are due to receive

    but in all fairness the trust was set up this way probably for the very reason those who did it knew you would blow the money as soon as you got it and under their terms a built in insurance was established to prevent this very foolish move by you

  • 5 years ago

    No they did that so you couldn't. The trustees may have options to allow advances but this is for your future and your parents know you wanted it soon and knew you weren't ready.

  • 5 years ago

    That all depends on what the trust document says. Talk to the trustee, but I would guess probably not.

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  • Bill
    Lv 7
    5 years ago

    If you are an adult you can go to a company that does Factoring and they will buy your trust for .50cents on the dollar.

  • Anonymous
    5 years ago

    It all depends on the terms of the specific trust. Ask the trustee.

  • Bob
    Lv 7
    5 years ago

    nope, it must payout according to the trust documents.

  • 5 years ago

    When you're older - you'll wish you had that money.

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