Legal Question in Wills and Trusts in Florida
Too ''Trusting''
I recently learned that a lady I considered my Grandmother died 4mths ago. Even though everyone knew where I was the lady's daughter's friend called someone else to give me the news.I was asked to call her daughter. I did. It was then that I discovered the lady had named me primary beneficiary in her Trust. The Trust very clearly stated I was to receive my bequest before anyone else. Since the Trust contained less than 1mil $ the Bank apppointed as Trustee refused the appointment. The daughter asked that I make her Successor Trustee. I went to an atty for advice, he advised me to sign the documents she sent. I did. 2 months have ago by & after many calls not returned, she spoke w/ me & says I may not get anything if the penalty for withdrawing my bequest is significant. She told me if the penalty for withdrawl is $1,000 or less she would give me the bequest, if not she would leave it in the Trust. Did I make a mistake trusting her? I'm not getting a good feeling abt this. Also, she told me the money is part of an insurance policy, but is not very forthcoming w/ other information. She is repesented by counsel. I am at a definite financial disadvantage for extended litigation. Please help. By the way, the other heirs:her kids
2 Answers from Attorneys
Re: Too ''Trusting''
You need to contact local counsel to assist you because the trust needs to be reviewed to determine the extent of the trustee's power and the basis for delaying your bequest. Can't you contact the attorney who advised you to sign the documents? The trust may be responsible for your legal fees, so it is important that the trust be reviewed.
Re: Too ''Trusting''
You need to get some advice from your lawyer. He or she has the documents and can best advise you.
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