Elaine asked:
his trust went into the family trust, now she is told, she can’t do what she wants with hers because it has to go into the family trust also, like if she sells her house, half if not all has to go into the family trust, is this true, it is what the lawyer tells her, but he has advised her to sell everything, does this sound right?
ok people, she doesnt want the trust money, she is freakin 80yrs old, she just wants to be able to do what she wants with her part, like leave some to the grandkids, church, etc. but they are telling her she can’t it all has to go into the family trust so the kids can fight about it when she dies, if that happens then one kid will walk away with it all since he is executer, she want’s to make it right for all the kids and grandkids, etc. does she have any rights, for gods sake she worked byside this man for 60 years and I mean worked, so by all rights she should be intitaled to half to do with what she wants. So how does she go about doing that, is there any loop holes are what? and quit implying she is some young gold digger. I would like some real solid advice from a law knowledgeable person please.
Dana
his trust went into the family trust, now she is told, she can’t do what she wants with hers because it has to go into the family trust also, like if she sells her house, half if not all has to go into the family trust, is this true, it is what the lawyer tells her, but he has advised her to sell everything, does this sound right?
ok people, she doesnt want the trust money, she is freakin 80yrs old, she just wants to be able to do what she wants with her part, like leave some to the grandkids, church, etc. but they are telling her she can’t it all has to go into the family trust so the kids can fight about it when she dies, if that happens then one kid will walk away with it all since he is executer, she want’s to make it right for all the kids and grandkids, etc. does she have any rights, for gods sake she worked byside this man for 60 years and I mean worked, so by all rights she should be intitaled to half to do with what she wants. So how does she go about doing that, is there any loop holes are what? and quit implying she is some young gold digger. I would like some real solid advice from a law knowledgeable person please.
Dana
That is how trusts are often written
If it is not a “revokable” or “living” trust…. this may be accurate.
Momma’s rule #1928912….. know what you are signing.
The parameters of the trust documents they define the trust documents they define the parameters of the assets placed into the trust documents they define the trust documents they define the parameters.
The parameters of the trust documents they define the assets placed into the parameters of the assets placed into the trust documents they define the parameters of the assets.
i wouldn’t sell every thing if i have to put half of it in the trust
Talk to her lawyer. It all depends how the trust was set up. Most times these are set up to avoid paying taxes. They can’t be changed….so it sounds reasonable. If she thought she could get all the trust money, she was wrong. You need to read the fine print.