Cinnamon asked:
Are there any circumstances under which the trust that was set up for me can be broken by the lawyer administering it or by other family members without my consent? The family member who set it up is deceased and the executors are having some difficulties with the terms of the will. I think they want to get into the trusts to make more assets available for certain people because the assets that were designated for those people are not available elsewhere in the estate. My trust is the primary one they want to break, I suspect. I think it is the only one that could give them what they need. I am wondering if I have any right to keep them from breaking it. I am also afraid I would have to pay inheritance tax if they break my trust. One of the primary reasons the trust was set up [as I understand it] was to protect me from having to pay inheritance tax. I am sorry there is a problem with the will for anyone and wish for everyone to be treated fairly but I am very afraid that I will suffer significantly if my trust is broken. My trust was set up the way it is for specific reasons and I do not feel it should be violated. Am I apt to be allowed any voice in this?
Carl Jarva
Are there any circumstances under which the trust that was set up for me can be broken by the lawyer administering it or by other family members without my consent? The family member who set it up is deceased and the executors are having some difficulties with the terms of the will. I think they want to get into the trusts to make more assets available for certain people because the assets that were designated for those people are not available elsewhere in the estate. My trust is the primary one they want to break, I suspect. I think it is the only one that could give them what they need. I am wondering if I have any right to keep them from breaking it. I am also afraid I would have to pay inheritance tax if they break my trust. One of the primary reasons the trust was set up [as I understand it] was to protect me from having to pay inheritance tax. I am sorry there is a problem with the will for anyone and wish for everyone to be treated fairly but I am very afraid that I will suffer significantly if my trust is broken. My trust was set up the way it is for specific reasons and I do not feel it should be violated. Am I apt to be allowed any voice in this?
Carl Jarva
Talk to a lawyer. Dumping on a board isn’t going to get you an answer.
The whole point of the irs back most likely to give them money while giving tax benefit most likely this is not going to lawyer but thats the irs back.