The 5 by 5 Rule: What Beneficiaries Must Know
Many trust beneficiaries believe they need the trustee’s permission before receiving money from a trust. But some trusts include a provision called the 5 by 5 Rule, which may allow a beneficiary or surviving spouse to withdraw the greater of $5,000 or 5% of the trust value each year. In this video, attorney Andrew Bethel explains how the 5 and 5 Rule works, why it exists, who it may apply to, and why it is important to actually read the trust language instead of assuming the trustee has complete control. Like us on Facebook - / bethellawcorp Check out our website - https://www.bethellaw.com/ Sign up to our newsletter! - https://www.bethellaw.com/newsletter Disclaimer Viewing this video does not create the expectation of an Attorney-client relationship. The information from this video is for general information purposes only. Nothing should be taken as legal advice for any individual case or situation.
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