Legal Question in Wills and Trusts in New York

trust

My brother and cousin are

co trustees of money left in

trust to me by my mother in

1995. The amount was 160000.

In 200000, the value of the trust went from 160 to 112 thousand. ( I receive interest

payments and other money is at their discretion).

This time the trust has lest

22000 and is down to about

90000,

Is there anything I can do

about this.

I have savings that have never gone down in value

during that time and now

are worth almost as much

as the trust.

Can I get control of this

trust before it is gone.


Asked on 10/17/08, 2:51 pm

1 Answer from Attorneys
Walter LeVine Walter D. LeVine, Esq.

Re: trust

First, I have to see the trust document to see if there are investment guidelines that may have not been followed. Was the loss due to poor investments, speculation or other reasons? Have they ever provided you an accounting that explains the losses? Does the trust document allow you to change trustees if they have acted improperly. Much more information is needed to give you a proper response.

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Answered on 10/18/08, 2:36 pm


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