Zia Trust is a licensed trust company and must adhere to the Uniform Trust Code of New Mexico. Under the trust code, the trustee must be in compliance with the direction of the trust document. After consultation with several trust attorneys, our company,y in accordance with the...
trust document, must retain the trust funds and unfortunately for Ms. [redacted] cannot and must not make an outright distribution to Ms. [redacted]. The trustee may make discretionary distributions and have done so at the request of Ms. [redacted]. The trust has purchased a vehicle and pays for the insurance, taxes and maintenance on the vehicle. The trustee must pay vendors directly and require receipts for the discretionary distributions that are made out of the trust. Our regulators require backup documentation for all disbursements from the trust. The trustee is very willing to make payment in advance for health, education and support for Ms. [redacted] or distributions that can be supported by backup documentation. The trust document also instructs the trustee to be extremely cautious not to make distributions from the trust that would jeopardize the beneficiary's public assistance. We are attempting to adhere trust law and the trust document. This has been explained to the Ms. [redacted] in several letters, phone calls, emails and a personal visit by the trustee. Thank you. John A[redacted]
Zia Trust is a licensed trust company and must adhere to the Uniform Trust Code of New Mexico. Under the trust code, the trustee must be in compliance with the direction of the trust document. After consultation with several trust attorneys, our company,y in accordance with the...
trust document, must retain the trust funds and unfortunately for Ms. [redacted] cannot and must not make an outright distribution to Ms. [redacted]. The trustee may make discretionary distributions and have done so at the request of Ms. [redacted]. The trust has purchased a vehicle and pays for the insurance, taxes and maintenance on the vehicle. The trustee must pay vendors directly and require receipts for the discretionary distributions that are made out of the trust. Our regulators require backup documentation for all disbursements from the trust. The trustee is very willing to make payment in advance for health, education and support for Ms. [redacted] or distributions that can be supported by backup documentation. The trust document also instructs the trustee to be extremely cautious not to make distributions from the trust that would jeopardize the beneficiary's public assistance. We are attempting to adhere trust law and the trust document. This has been explained to the Ms. [redacted] in several letters, phone calls, emails and a personal visit by the trustee. Thank you. John A[redacted]