Reply to Financial planning when you know you'll be inheriting a trust

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't have much detail on the trusts other than they are generation skipping (from my grandparents to my sister and me) with my dad as executor (and yes even if my mom is still living it's contingent on my dad). They have their own money which will be passed to their grandkids if there's any left [/quote]

Just FYI, my grandmother left my sister and I similar trusts. Once my dad died, my aunt was the trustee. She didn't have to give us the money. I wasn't even allowed to see the trust without her permission even though I was a beneficiary. She is also trustee of a similar trust to which we are beneficiaries to when she dies. Trustees are allowed to use the money as they see fit before they die. My dad had every intention of passing it to us, but my aunt, who was widowed early, and had not much savings, had been very up front that she's using "my" trust for her living expenses. I would keep saving for retirement, and $1 million really won't be much in 30 years or so [/quote]

That's really sad, pp. [/quote]

I am Pp. I don't think it's sad. It's not smart that she and her husband spent everything they made and that she is living above her means, but I feel that parents should leave their money to their kids, not their grandkids. The only reason my grandmother didn't leave it directly to my parents/aunt/uncle was because she didn't want the dead uncle to get it in case my aunt died first (and probably the same with my dad/mom). I understand why she feels it's hers to use while she's alive. [/quote]

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