T
TrusteeHeadache
Guest
My grandparents established a trust in 1996 in CA. The Trust assets/property were divided between my father, my sister, & myself. They left all personal belongings to my sister & I.
My grandfather passed away in 1999. My grandmother added a Codicil to the trust a few weeks before her death this Summer(it was witnessed properly, etc). This Codicil merely named my sister & I as Co-Trustees as opposed to my father who was named Trustee before the Codicil came about. This fact enrages him.
My sister & I into shared some personal property with him & we also allowed him to help us pick a realtor to sell the home to "keep the peace." He fired the first realtor who wouldn't go along with "his price" for the house (way over market value.)
My sister & I finally took the bull by the horns so-to-speak and the Trust attorney sent a letter outlining the groundrules around the sale of the property, etc...(Bottom line...House will be sold at market value not at pie-in-the-sky value.)
He is now threatening to contest the Trust due to this "going behind his back." There is a no contest clause in the Trust.
Doesn't someone need very valid reasons to contest a Trust?
Thank You.
My grandfather passed away in 1999. My grandmother added a Codicil to the trust a few weeks before her death this Summer(it was witnessed properly, etc). This Codicil merely named my sister & I as Co-Trustees as opposed to my father who was named Trustee before the Codicil came about. This fact enrages him.
My sister & I into shared some personal property with him & we also allowed him to help us pick a realtor to sell the home to "keep the peace." He fired the first realtor who wouldn't go along with "his price" for the house (way over market value.)
My sister & I finally took the bull by the horns so-to-speak and the Trust attorney sent a letter outlining the groundrules around the sale of the property, etc...(Bottom line...House will be sold at market value not at pie-in-the-sky value.)
He is now threatening to contest the Trust due to this "going behind his back." There is a no contest clause in the Trust.
Doesn't someone need very valid reasons to contest a Trust?
Thank You.