Archive for July, 2009
Setting up a Trust fund for a Newborn (not family member)?
How would i go about Setting up a Trust fund for a Newborn who is not a blood relative/Family member? My Best friend will be having a baby in June, and i would like to set up a trust/savings/? for him to use when he turns 18. I was thinking about a college fund but i dont want the funds to be restricted for college use only. Here are some things that i am thinking about -
- Do I put it in the childs name, my name or parents name?
- What would yeild the best interest?
- What about taxes? if it is interest earned, who would pay the taxes? or are there even taxes?
- What would be the best kind of bank to do this at?
- I will be depositing money every year for birthday too
Thank you for all your advice! Links to articals are welcomed , but i would appreciate first hand knowledge.
Thank you for your answers! it helped a lot, now i just need to decided where to open up the account!
Marianne Shimanuki
I don’t
Shana Doop
I don’t know if anyone remembers my son’s story, but he was placed in care at 2 months old due to abuse at the hands of his first mother. His grandmother had the opportunity to adopt him, but would not cut her daughter out of her life, nor did she protect him from any abuse (under her roof). The grandma had asked (via children’s services) for some contact through letters and pictures but we acted on the advice of our son’s caseworkers that she may be used by her daughter in order to find any identifying information to find our son (this is something our son’s first mom has threatened to do on many occasions) and declined to send her anything.
Well, grandma has contacted the agency every month for the past year since we adopted him so about 3 months ago we relented and agreed to send letters, some of his drawings (he’s an amazing little artist) and a few pics to be sent through the agency. In return, she also sent us letters and pictures of her family.
The problem: she was never to share any of the pictures with his first mother. This may sound cruel to many here, but believe me there are VERY good reasons why that stipulation needed to be in place as his fmom is a very dangerous woman.
As you can imagine, we discovered that not only did she share them with his mother, but we were called into our son’s pre-school as they wanted to let us know that they and the few other daycare’s in the same chain have been harrassed by phone calls asking if my son attends there.Our stupidity here, one of the pics was a school pic that happened to have the name of the school in the background. We thought it was adequately blurred out, but his fmom is extremely resourceful and I underestimated that.
We now have to pull him out of the 3rd school he has been in in just under a year and now we have told the grandma (throught the agnecy) that we can no longer trust her and communication is now over.
She is understandably devastated and is begging for another chance. She says that her daughter is a good girl. No, this good girl is over 40 and is dangerous.
The bottom line is, we gave his grandma a chance because we thought it was important for our son and we believe she loves him. But her daughter will always come first and I am concerned for everyone’s safety.
I don’t know if I am venting or if I am asking if we did the right thing or what you would do differently? I do feel for his grandma but she simply cannot go against her daughter.
What would you do?
ETA: My son has no idea we had started contact.
We have looked into a restraining order but that was met with a lot of frustration because we would have to let his first mother know our address and the addresses of our work and the kids’ schools and everywhere else we frequent so she would know where she needed to stay away. Obviously the last thing we want is for her to know where we are as we believe a restraining order would mean very little to her.
Yes, we adopted from the public system and our son is 3.
Dillon Pizzulo
My partners have ruined my business, and can’t be trusted, any advice fed with their lies bullshit and backstabbing ways, and I can take it
Lorinda Bibee
The family trust’s trustor’s are wife and husband. Are these 500 shares now COMMUNITY PROPERTY? or does it remain separate property?
Mistie Searcy
How do i get control of the funds left in the trust now that my mother is deceased?
Luis Marcon
My grandmother set up a trust with Part A, B & C, with my step-grandpa for the family. My grandma died Jan of 06 & step-grandpa has cut off the rest of the family completely. Everyone’s thinking he’s deceased but when we call to inquire, we get told to **** out, go fly a kite or worse. We’ve called the local paper in his area to find out if an Obituary has been placed but the paper refuses to tell us, stating we have to contact HIS family to find out, or come into their office to scour the archives.
The trust was transferred to a new attorney to keep everyone away from finding out what’s going on. IF step-grandpa is deceased, how many days does the trust attorney have LEGALLY before he has to notify the next person in line for the trust, which is my mother, Part B? We live in California, if that helps anyone with an answer.
Noelia Boehning
i’m 15,i have a boyfriend we have been going out for almost 6 months, i didn’t tell my family about him until about 3 months ago cause i knew how they were gonna react…
they’re all pissed off now and are constantly on me about it everyone thinks were having *** and were NOT,my mom and dad keep telling me to break up with him, and my brothers and sisters keep telling me i’m too young…ugh they’re getting on my nerves..
just because my parents and my sisters and brothers all had *** at young ages and my brother and his girlfriend got pregnant had a baby when they were 15 they think i’m gonna too but i’m not i already explained to my parents that i don’t wanna have *** yet but they don’t believe me!!!..
they think i’m like my brothers and sisters and i tolf them just because they were ****** don’t mean that i’m gonna be!!!
help how do i get them to back off!!
Jeanie Welty
I have brothers from Y!A added in my messenger.. whenever we talk, it is plain innocent talk, the brother-sister type. I am 16 and whenever my family spots me talking to any male, they start scolding me, giving me warnings that they will take my computer away. I mean, It’s not that I am making boyfriends there or giving out my mobile number. And they have never had any problem with me regarding boys. It’s not that I talk to boys for pleasure. It’s a bro- sis thing, honestly.
I only have males added from YA, and all of them are decent as far as i have observed, so what’s the big deal? My brother is 17 and he talks to girls, so not in a SISTER way, but I do. What’s the problem??
Elias Brammer