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Question about trust fund... ♀NoBoysAllowed 19 kids; San Diego, California 51862 posts
1st Apr '13

Please don't quote, I will be deleting.
Please don't quote, I will be deleting.
Please don't quote, I will be deleting.
Please don't quote, I will be deleting.
Please don't quote, I will be deleting.
Please don't quote, I will be deleting.So, I was left a trust fund by my great grandmother, who passed away when I was 8 or so (I don't remember exactly). I'm 23 now, and my grandparents (g-gma's son) is finally going to give it to me this summer when I visit home. They haven't told me how much it is, so I don't know what to expect, but I know that there are some things that my dad was left that they didn't give to him after she passed. My question is, would they have been able to access the money left to me? I'm trying not to sound greedy, but I'm curious because they waited 5 years longer than when I was supposed to get it, and I can't for the life of me understand why.



Please don't quote, I will be deleting.

user banned 3 kids; Washington 15083 posts
1st Apr '13

It sounds like she didn't have a legal will and they could do what they wanted with her assets.

Booger & Bubba's Mommy 18 kids; Illinois 8136 posts
1st Apr '13

It really depends on how it was set up. If they were administrators of it they may have had partial or full access to it. You should ask to speak with the trusts lawyers, they will have the answers you are seeking.

Amelia [a Mom] 1 child; 4 angel babies; Tallahassee, Florida 15289 posts
status 1st Apr '13

It could be because they didn't want it squandered by an 18 year old. My parents had written into their wills that my sister and I wouldn't receive anything until my little sister is 30 for that reason.

♀NoBoysAllowed 19 kids; San Diego, California 51862 posts
1st Apr '13
Quoting ♫ boobook ♫:" It sounds like she didn't have a legal will and they could do what they wanted with her assets."


There was a legal will, but my grandpa, specifically, was supposed to deal with it, so to speak.

DeanJade&Mak's Mom 3 kids; Covina, CA, United States 8822 posts
1st Apr '13

depends how she left it, money that was going to us from my grandfather was put on cd's or something and it specified in the trust what we had to do to get it... i couldnt be an unwed mother, on drugs and alcohol blah blah.... i did all that and they still gave it to me because my aunts and mom were in charge of the accounts, but i had cleaned up and was behaving after i had the baby, so they gave it to me, if i was a mess i dont think they would have,



ask to see the will/or living trust...

♀NoBoysAllowed 19 kids; San Diego, California 51862 posts
1st Apr '13
Quoting Amelia Margaret:" It could be because they didn't want it squandered by an 18 year old. My parents had written into their ... [snip!] ... had written into their wills that my sister and I wouldn't receive anything until my little sister is 30 for that reason."


I get that, and I'm glad that I can use the money towards a house now, but what upsets me is that when I had my oldest, I couldn't even afford to feed her or put diapers on her, and I ended up living at a church. I had to drop out of school because the only job I could find would only hire someone who would work day shift, and I still only made $800/month. I could use it to have luxuries now, but it would have been better spent on necessities then. I could have graduated, is what I'm getting at.

user banned 3 kids; Washington 15083 posts
1st Apr '13

After they give you the portion or before... Ask to see the will and/or talk to the lawyers who handled it.

BRowell 3 kids; 2 angel babies; Bristol, TN, United States 3721 posts
1st Apr '13

My great grandmother had one and her children's names were on it and the two oldest used it to pay some bills she had had and then slit it between the four children so my mom didn't get any money until probably four years later. I know they had to wait on lawers to do something with it, not sure what but I remember my mom being surprised when she got a check because she didn't even know about it even though her name was on it.

♀NoBoysAllowed 19 kids; San Diego, California 51862 posts
1st Apr '13
Quoting Booger & Bubba's Mommy:" It really depends on how it was set up. If they were administrators of it they may have had partial ... [snip!] ... had partial or full access to it. You should ask to speak with the trusts lawyers, they will have the answers you are seeking."


I will find out when I visit. I'm sure if I ask them, they'll tell me. I just...want to avoid that awkward conversation.

Amelia [a Mom] 1 child; 4 angel babies; Tallahassee, Florida 15289 posts
status 1st Apr '13
Quoting ♀NoBoysAllowed:" I get that, and I'm glad that I can use the money towards a house now, but what upsets me is that when ... [snip!] ... to have luxuries now, but it would have been better spent on necessities then. I could have graduated, is what I'm getting at."


Did they know the situation? Or perhaps it's written in the will that way. It sucks you weren't able to get access to it when you really needed it.

♀NoBoysAllowed 19 kids; San Diego, California 51862 posts
1st Apr '13
Quoting Amelia Margaret:" Did they know the situation? Or perhaps it's written in the will that way. It sucks you weren't able to get access to it when you really needed it."


They knew. Don't get me wrong, my grandparents are great, I just don't understand this particular situation. If there were stipulations to giving it to me, then I get it, but they didn't say so.