Forty-Eight Hours
On the death of the beneficiary, that trust pours over into a charitable remainder and the family gets nothing.
My father designed it that way deliberately in 2019 and he designed it that way, he has admitted to me, with Fernando specifically in mind.
What Fernando was after was the gap.
When a minor beneficiary dies, the trust does not simply close.
There is a period — probate of the child’s estate, accounting, the discharge of the trustee, the resolution of any claims — and that period runs for months and in a contested matter for years.
And during it, the surviving parent, as administrator of the deceased child’s estate and as the party with standing, has a right to petition for an allowance from accrued income to meet the administrative and final expenses of the estate.