Not sure if this is the right sub. May need a lawyer one. But I have a trust fund that pays me monthly and should last forever. I want to buy a house though and with the interest rates being higher I don’t want to get a loan. Is there a way to take a lump sum out of the trust or like borrow it at a lower rate?
Update- thank you all for the information didn’t realize it was so dependent on the tryst and how it’s all layed out. I like the idea of the trust buying the house if that’s possible. I’ll have to talk to my dad and see what’s possible and what he’s willing to do. Thank you all!