Summary
In California, court approval is generally required to withdraw funds from a blocked account. The type of blocked account (e.G., minors blocked account, blocked trust account, etc.) can affect the withdrawal process. If the blocked account is a trust, the trustee usually has the discretion to distribute funds for the beneficiarys education. The name of the trust and the identity of the trustee are important details in this context.Full Conversation
Withdraw funds from a block account
What is the reason for the withdrawal from the blocked account?
My grandaughter education purposes. If i can talk on the phone so i can explain. Texting will take to long to explain
What state is the blocked account located in? This will help me provide the correct legal information.
Califirnia
What type of blocked account is it? (e.g., minor's blocked account, blocked trust account, etc.)
In California, court approval is generally required to withdraw funds from a blocked account.
For my grandaughter who is * and it was put aside for her education purposes.
What is the exact type of the blocked account? Is it a trust account, a custodial account, or something else?
She has a trust seperatly. This was set up for her education.
What is the name of the trust and who is the trustee? In California, the trustee generally has the discretion to distribute funds for the beneficiary's education.
I dont know can intalk to someone over the phone
I'm sorry, but as a chat-based service, we don't offer phone support. Can you please provide the name of the trust and the trustee?
TRY ME!
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