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Thread: Mom finds her trust fund....bad news

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    Default Mom finds her trust fund....bad news

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    Last edited by malloryknox; 11-02-2008 at 09:41 PM.

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    Default Re: Mom finds her trust fund....bad news

    Quote Originally Posted by malloryknox View Post
    My mom informed me that she has finally seen the trust that my aunt made
    regarding their dads will. Their mom is deceased many years past,
    and his second wife died last year. When my grandfather
    dies what he has will naturally be left to his two daughters,
    my mom and my aunt.
    After my step grandma died my aunt came in to help him out and plus
    she had no place to stay so it was perfect for her.
    She immediately took control of his finances whether he liked it or not.
    She boasted that she was in charge now.
    She spends money like water and claims she is taking care of him,
    he takes care of him self mostly, she lives the life of riley at his house
    on his dime.
    My mom came to live with them to divorce my abusive dad.

    So the trust says that 65% goes to her and 35% to my mom which
    is totally unfair. My grandma who died originally made a trust
    for them that it was to be split fairly 50 50 between them.

    Any advice on how my mom should deal with this? My aunt was
    not going to show it to her, she was being really sneaky about it.
    Now my mom knows and she is upset and grieving that my aunt
    is being so shallow and greedy.

    My mom told my grandpa and he gets pist off about everything
    and wont discuss anything when hes drinking,he
    turns into a big jerk when hes drunk.
    So she is going to have to catch him when hes sober.

    I feel bad for my mom that her sister is trying to fuck her like that.
    Its really not cool or fair in the slightest.

    Any body been thru a similar situation?What happened?
    What did you do to get the will reformed to be fair?
    Seen a similar situation. Her only real recourse, other than a prolonged legal battle, is to have her father (your grandfather) make out a new legal will/trust whatever. While your mom can encourage him to do this, and you can too. It would be best if he went to a lawyer on his own, made out a new will which also revoked the old one, and had it notarized. It might also not be a bad idea to have it sealed until his death.

    So my suggestion would be to encourage him to go make a new will where things are divided evenly. It also might be a good step to try and get him to make you or your mother his power of attorney.

    I'm curious though, who made the will/trust that divides it 65/35??

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    Default Re: Mom finds her trust fund....bad news

    Is he mentally stable?
    If you think school is hard, try being stupid.

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    Default Re: Mom finds her trust fund....bad news

    .........
    Last edited by malloryknox; 08-18-2009 at 11:10 AM.

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    Default Re: Mom finds her trust fund....bad news

    Quote Originally Posted by malloryknox View Post
    he has dementia and my aunts friend made the trust
    Did he sign the trust?

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    Default Re: Mom finds her trust fund....bad news

    ..........
    Last edited by malloryknox; 08-18-2009 at 11:10 AM.

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    Default Re: Mom finds her trust fund....bad news

    contesting a will can be a huge battle. Unfourtanitly this sort of thing happens all the time.
    My grandmother supposedy told my mom that she was to get evertyhing, but when she died and the will was read, my mom got very little. She now feels like her Aunt, who was given everything is cheating her out of it. She was the whatever you call the person in charge os distributing everything and all that. She gave my mom WAY more than required in the will but there is still a lot of tension.
    Unless there is something specific your mom is wanting, or a lOT of money involved, it probably would not be worth the fight and damaging the relationship with her sis.
    I would talk to a lawyer to be sure of all your options though. I hate to say it, but the man isnt even dead yet and mom and aunt are already fighting over his stuff!!!

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