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Personal Finance and Investing

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Maraya1969

(22,480 posts)
Thu Feb 6, 2020, 05:04 PM Feb 2020

I have a question about a trust set up many years ago by my parents. [View all]

I hope someone can help me with this. I have spoken to lawyers but, as you know it costs money everytime you make a phone call.

My father died in 1990 and about 6 years ago my mom became disabled because of a stroke and she had put my brother as Power of Attorney and Trustee.

To say there were fights is an understatement. I had to sue him to get him to comply with a law that says he needs to be transparent with me.

But now we are getting along and I don't want to start anything, even though a lot of things bother me.

He brought down a portfolio review when he visited a couple weeks ago. What pissed me off and still pisses me off is the name on the account is his name and his wife's name. Underneath that is the name of my parent's and the name of the trust. When I asked him about it he said that he and his wife have an account with these people also and that is why their name is on it.

He says that when our mother dies, (she is slowly fading away at a home near me. It has been a very long illness for her) the money in the trusts are automatically cut in 2 and we both get half. I do have a copy of them and they list me and him as the beneficiaries.

I don't trust his wife. And he has been ill. I believe he will be fair but if something happens to him can she steal this money?

I do not want to sound greedy but I have had medical problems in my life and have not been able to work like I used to and if this money is taken away it would make life very hard for me.

Also, can I speak with the trust lawyer? Because before I had to get my own attorney after after it was all over the trust paid for most of my fees but I know that when he has a question he just calls them up and has the trust pay for everything!

Thanks for any help in advance.



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