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beautyangel
Guest
Hi. I am 20 years old and me and my mom signed a trust agreement when I was 19. The lawyer talked me into it because he said it was a good idea. It wasn't notorized, signed by the lawyer, or even looked at by the judge. The estate in which I inherited the property was closed and the trustee before mismanaged funds in which a lot of money was missing and not accounted for with no one's knowledge. Then I was given a choice on whether I should manage the money or have a trustee. I was pretty much pushed into having a trustee by my old lawyer. Is there any way we can renig on the trust and I can handle the money on my own. The trust said I would receive my money when I'm 21. But my mom won't let me buy a house or anything with the money and my dad is also talking her into not letting me because they don't want me to leave the state. This is really ridiculous because it is my money and it won't be lost in real estate. My mom says it will all be wasted If I put that much in a house and I just think she is jealous, doesn't want me to leave the state, and doesn't want to lose on the rent money I give her per month. And the rent money I give her is $1600 more than the taxes I would have to pay on the house. I also plan on buying a income property. My mom already gave me earnest money for a house that I already put down to buy it. Now she is talked into by my dad that I shouldn't buy it. I do not want to lose my earnest money. I have around 900,000 after taxes and I wanted to spend 480,000 on a nice area that goes up in value. By the way, my father lost all of his money in the stock market so I don't think he is that great on giving advice. What should I do? How do I get all the money in my name? If my mom agrees also, can we renig on this trust?
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