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Reply to "Trust or other mechanism for sibling"
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[quote=Anonymous]I am looking for ideas how to help sibling in this situation. Sibling has depression and a very spotty work history. As I am trying to sort out our father's finances, I realize he funds the sibling's life. There is a checking account that is in the father's name but only my sibling writes checks for personal, home expenses from. It appears my father puts money in and sibling transfers it to sibling's savings account or pays bills. We are going to divide estate equally and I think the money could fund sibling's life for about ten years. Sibling is 55. Should I attempt to put sibling's inheritance in a trust or ask my father to? Any help is appreciated. If this is helpful, I am not in a position to fund sibling so I am also trying to protect myself for when sibling needs money later in life. [/quote]
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