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[quote=Anonymous][quote=Anonymous]Op, fyi my family has a lot of trusts and I am a lawyer and FYI yours sounds pretty strict. I would not rely on it too much. A family trust with several beneficiaries with a corporate trustee....it’s going to be hard to get money out. Corporate trustees can be very strict.

In contrast, my family set it up so that each of the siblings has her own trust and is her own trustee.

If you want to have more insight into how much you may be able to rely on this money for things like tuition and medical expenses, I’d get a copy and have a good estate attorney review it. For example, it is possible the disabled brother is the primary beneficiary. And therefore it’s possible the trustee will be stingy about whether or not they give you tuition etc. They might have the discretion to preserve the funds for the disabled brother. Etc.

Just be careful planning on this money.[/quote]

Seriously, OP, heed this.

The disabled sibling in a wheelchair/group home/whatever may well have needs that drain whatever's in the trust years before your theoretical children need it for Montessori or Harvard tuition, let alone a downpayment for a split-level in Colonial Acres. It's at best a very restrictive financial vehicle if you don't have direct control over the funds.

It's not a completely unnatural thing that your DH shared this family financial tidbit with his jealous and crazy dad, but it doesn't need to escalate further. FIL doesn't need to be scolded nor does he need future money updates. He's weird. He can't handle it.[/quote]

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