Page 3 of 4 FirstFirst 1234 LastLast
Results 21 to 30 of 35

Thread: Financial advisor and trust company

  1. #21
    Senior Member
    Join Date
    Aug 2016
    Posts
    7,493
    Quote Originally Posted by catherine View Post
    Nice!
    Maybe? I am already tense because I found it out on my own, no one told me--so don't know if they already know or not, which would be very typical of my sibling.

  2. #22
    Senior Member iris lilies's Avatar
    Join Date
    Mar 2013
    Location
    Always logged in
    Posts
    25,502
    Quote Originally Posted by Tybee View Post
    Maybe? I am already tense because I found it out on my own, no one told me--so don't know if they already know or not, which would be very typical of my sibling.
    Can you act independently or must you act in tandem and do you need his signature on everything?
    I am not a serious person.

  3. #23
    Senior Member
    Join Date
    Aug 2016
    Posts
    7,493
    IL, I just don't know. I notified all of them, including the lawyer, and she just wrote back and she did not know until I told her that we were appointed yesterday.

    But I actually think we need both to pay bills.

  4. #24
    Senior Member iris lilies's Avatar
    Join Date
    Mar 2013
    Location
    Always logged in
    Posts
    25,502
    Out of curiosity, who appoints you? Is there a trust involved here?

    Given everything you said about how you get along with your siblings I can’t see that this will bring you anything but grief. I hope you get through it quickly. I hope your co- executor is willing to push to get it all done as well. is there any real estate at all that must be dispensed with?
    I am not a serious person.

  5. #25
    Senior Member
    Join Date
    Aug 2016
    Posts
    7,493
    Brother is co-executor. He is the trustee of the trust for her commercial real estate, which is not subject to probate. I have been told I have no authority over the trust as it does not go through probate. Court appoints executors.

  6. #26
    Senior Member iris lilies's Avatar
    Join Date
    Mar 2013
    Location
    Always logged in
    Posts
    25,502
    Quote Originally Posted by Tybee View Post
    Brother is co-executor. He is the trustee of the trust for her commercial real estate, which is not subject to probate. I have been told I have no authority over the trust as it does not go through probate. Court appoints executors.
    That is interesting.

    What, then, are the assests you are in charge of?

    With us, our trust covers 98% of our assets which are in financial instruments and real estate. Our will covers the rest, things like furniture, pets, tools, etc.
    I am not a serious person.

  7. #27
    Senior Member
    Join Date
    Aug 2016
    Posts
    7,493
    Everything was liquidated to cash.

  8. #28
    Senior Member iris lilies's Avatar
    Join Date
    Mar 2013
    Location
    Always logged in
    Posts
    25,502
    Quote Originally Posted by Tybee View Post
    Everything was liquidated to cash.
    Then that seems easy! Your part anyway.

    what do you think happened to the commercial real estate?
    I am not a serious person.

  9. #29
    Senior Member
    Join Date
    Aug 2016
    Posts
    7,493
    I know what happened to it, it's sitting there in the trust under his control.

  10. #30
    Senior Member iris lilies's Avatar
    Join Date
    Mar 2013
    Location
    Always logged in
    Posts
    25,502
    Quote Originally Posted by Tybee View Post
    I know what happened to it, it's sitting there in the trust under his control.
    I meant to say, what do you think will happen to it? Do you have ownership in trust assets?
    I am not a serious person.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •