When a third party Trustee acts on the instructions of a Trust to sell real property. The proceeds from a Trust sale are for the welfare of the Beneficiaries, not the Trustee.
- Example : Ronny is the Trustee of the Beverly Smith Irrevocable Trust. The beneficiaries are Tom and Jane. Beverly Smith’s house was put into the trust when it was first created. Ronny was instructed to sell the home and distribute the proceeds evenly amongst Tom and Jane.