rights of trustee

[fluttrby13]

What is the name of your state?CA

A little info on me that might help; I am 19, in my first year in college, and my parents divorced when I was 4.
When I was young, my grandfather's brother set up a trust fund for me. It was intended to go towards my education all the way through college. However, my parents(who I believe are the beneficiaries) were able to pay for my education themselves and saved the trust fund for me. Over the years, my relationship with my parents has become very difficult, and it would be to my benefit if I were to finantially disconnect myself from them. A couple questions: 1. While I have been told I will not receive the trust fund until I am 27 by my parents, is it possible to receive it sooner/ have it transfered into my care or other beneficiary? 2. Do my parents have the right to revoke my trust fund from me? 3. Would I be able to acess it at least for accademic purposes? Any info and advice is crucial and I thank you for any help you can provide.

 

[Dandy Don]

It may be difficult to get the money but not impossible.

When you say for "academic purposes", are you referring to perhaps the fact that you may want to go to graduate school? Yes, you would be able to get the money then.

The main thing you need to do right now is to request a copy of the trust (by certified letter sent to the trustee--and it's better if you have your attorney write the letter on your behalf so your parents will regard it as official business--otherwise they might ignore your request) and then have your trust attorney interpret it to see what your rights are and your chances of legally being able to claim the money sooner. The trust may or may not have given them right to restrict your trust fund until a certain time--that is why you need to actually see what the document says first.

DANDY DON IN OKLAHOMA ([email protected])

 

[seniorjudge]

What is the name of your state?CA

A little info on me that might help; I am 19, in my first year in college, and my parents divorced when I was 4.
When I was young, my grandfather's brother set up a trust fund for me. It was intended to go towards my education all the way through college. However, my parents(who I believe are the beneficiaries) were able to pay for my education themselves and saved the trust fund for me. Over the years, my relationship with my parents has become very difficult, and it would be to my benefit if I were to finantially disconnect myself from them. A couple questions: 1. While I have been told I will not receive the trust fund until I am 27 by my parents, is it possible to receive it sooner/ have it transfered into my care or other beneficiary? 2. Do my parents have the right to revoke my trust fund from me? 3. Would I be able to acess it at least for accademic purposes? Any info and advice is crucial and I thank you for any help you can provide.

Only the trust instrument itself will tell you the answers to these questions.