Dear Michael: We set up a mineral trust for ourselves and our children back before the oil took off. My wife and I have acted as trustees for this trust, as well as the original grantors. We had set up the income so I and/or my wife are to receive 75 percent of the income from an irrevocable trust, but now we would like to change it.
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Michael Baron provides estate planning guidance at Great Plains Diversified Services in Bismarck, North Dakota. Email him at KeeptheFamilyFarm@gmail.com.





