Can I withdraw money from my trust if I am an emancipated minor?

Answer by  patti (29325)

It depends on how your trust is set up. There is no doubt an executor of the trust. Your declaration of emancipation is likely not covered by the details of the trust, so you need to discuss it first with the executor.

Answer by  krpmuffitt (223)

Your ability to withdraw money is dictated by the terms of the trust. You need to read the trust documents carefully. If it only says that you need to be an adult then you should be able to withdraw money if you are an emancipated minor.

Answer by  worker2746 (2434)

You need to speak with your lawyer and look at the trust documents. Depending on the type of trust that is built, you may never be able to withdraw money on your own.

Answer by  flamiss22 (5081)

Yes you can. Being emancipated means you are now legally an adult and are able to control your own finances now.