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Reply to "3rd party fiduciary for Trust question"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. The Trust as all trusts do for younger beneficiaries provides for any funds to be . Theyd in the trystapplicable before age of distribution to apply for them involving their health, care, education and safety. So, we can't go on vacation with the money but school or let's say medical or therapy expenses is 100% covered. This is binding and even though the trustee can reject the request, a third party would not. This is explicitly stated in th Trust but legally a Trystee can do whatever they want over funds. If I do not find a Trustee, they will ask the court to appoint one. Much much better to work with someone who will not treat us like a number. It's also in our interest to work with someone who will be objective in carrying out the Trust. It is standard to hire counsel since my cousin and I are not close and I do not have the legal knowledge to understand how Tryst works. Esp because it's a CA based Trust. Did anyone read that our intention is NOT to litigate. I'm seeking help in finding out approach to find a Trustee. Can someone please share what may be a good way to do this please? Thank you everyone!!! [/quote] If you’re not litigating why do you keep talking about an opposing counsel? I would recommend that you write to your cousin and tell her how much you appreciate all she’s done for your mother. Explain that you would like to work with her not against her. You understand why she wouldn’t want be trustee long term and you would like to sit down with her and discuss how you can agree on a successor. [/quote] OP can’t “agree” on anything bc the decision isn’t hers to make. [/quote] If she could only swallow her pride and be decent to her cousin they certainly could work together to find an agreeable successor. It’s the cousin’s decision based on the trust language, I think? But if the OP was willing to discuss issues in a civil manner I think the cousin would listen. [/quote] She can’t. And from her posts, it’s clear she’s indignant instead of grateful. If the kids are already in private, she had to have budgeted for that and she should continue to expect to pay this. [/quote]
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