D
Damon4Lindsay
Guest
What is the name of your state? New York
My mother passed 2 years ago and the will states that her estate be put into a trust until I and my twin sister reach the age of 30. My father and her divorced shortly before her death and the bulk of the estate money was (I believe) her portion of his 401K. The will states it shall be left untouched except for any expenses the trustee authorizes for "health, education or welfare". My Uncle, the Trustee will not authorize any fund release for either of our college expenses. We were told that these types of things would likely be covered. What do you feel the "legal definition" of health, education or welfare" would be? In addition, as I understand the law, he is required to provde regular financial statements, which to this day he has provided none. He is not a blood relative and there is much speculation among those involved that he is not conducting his responsibility and that we may lose our inheritance. We have 6 years until we turn 30 and feel somewhat helpless. Can we take a more acive role? Any help is greatly appreciated.
Damon
My mother passed 2 years ago and the will states that her estate be put into a trust until I and my twin sister reach the age of 30. My father and her divorced shortly before her death and the bulk of the estate money was (I believe) her portion of his 401K. The will states it shall be left untouched except for any expenses the trustee authorizes for "health, education or welfare". My Uncle, the Trustee will not authorize any fund release for either of our college expenses. We were told that these types of things would likely be covered. What do you feel the "legal definition" of health, education or welfare" would be? In addition, as I understand the law, he is required to provde regular financial statements, which to this day he has provided none. He is not a blood relative and there is much speculation among those involved that he is not conducting his responsibility and that we may lose our inheritance. We have 6 years until we turn 30 and feel somewhat helpless. Can we take a more acive role? Any help is greatly appreciated.
Damon