How is Future Income Covered in a Trust?

Unless some other instruction is provided within the Living Trust document, future income or interest generated from the Trust’s assets is usually property of the Trust.

Just like any other currently existing Trust property, funds from the sale of Trust property (or interest earned on an investment held by the Trust) can be deposited in the Trust’s bank accounts, or reinvested by the Trustee, or distributed per the terms of the Trust, etc.

Careful consideration should be paid to the terms of the Trust so that the Trustee handles and administers Trust property pursuant to the written directions of the Trust.

Learn how to create a Revocable Living Trust with easy-to-use legal forms from Standard Legal.