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Old 09-10-2017, 10:18 AM
 
Location: Florida
4,359 posts, read 3,694,371 times
Reputation: 4084

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Quote:
Originally Posted by Sydney123 View Post
. Questions in regards to my trust fund are usually met with... its none of your business, you only need concern yourself with the money you get monthly.
This is not good. You have no way to know if someone is stealing from the trust or charging excessive fees.

I would see if their is a way to get a copy of the trust and financial records. If you are one of many benefiting from the trust then maybe this is what the grantor wanted.
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Old 09-10-2017, 01:03 PM
 
Location: Santa Monica, Ca
6,900 posts, read 3,832,091 times
Reputation: 16286
Quote:
Originally Posted by rjm1cc View Post
This is not good. You have no way to know if someone is stealing from the trust or charging excessive fees.

I would see if their is a way to get a copy of the trust and financial records. If you are one of many benefiting from the trust then maybe this is what the grantor wanted.
Well the exec is my lawyer father and and the F/A is a trusted family friend. The trust included my grandmother and brother. When my grandmother passed it became just my brother and I. I am pretty sure my dad wouldn't steal from me so there is that.
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Old 09-10-2017, 03:21 PM
 
Location: Florida
4,359 posts, read 3,694,371 times
Reputation: 4084
Quote:
Originally Posted by Sydney123 View Post
Well the exec is my lawyer father and and the F/A is a trusted family friend. The trust included my grandmother and brother. When my grandmother passed it became just my brother and I. I am pretty sure my dad wouldn't steal from me so there is that.
I was thinking of a Corporate trustee not a family member. I see why he says what he does.
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Old 09-10-2017, 10:54 PM
 
Location: Tennessee at last!
1,886 posts, read 2,036,142 times
Reputation: 3796
Quote:
Originally Posted by Sydney123 View Post
My money is deposited into my bank account on the first of each month. I can talk to the exec or F/A about things, but don't have any kind of hands on access to the account itself.
You are likely a beneficiary to someone else's trust. So you did not put in the assets but they came from someone else like parents or grandparent. The trust may have been made for you or to benefit you, or even to protect yourself form spending all the assets recklessly, but its not 'yours' in the ownership realm.
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Old 09-11-2017, 11:53 AM
 
Location: Santa Monica, Ca
6,900 posts, read 3,832,091 times
Reputation: 16286
Quote:
Originally Posted by lae60 View Post
You are likely a beneficiary to someone else's trust. So you did not put in the assets but they came from someone else like parents or grandparent. The trust may have been made for you or to benefit you, or even to protect yourself form spending all the assets recklessly, but its not 'yours' in the ownership realm.

Right... it was from my grandfather. The trust owns ALL of the assets.
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