I worry about my grandmother's living trust. Well, I don't so much worry about it while she's alive, but part of the point of it is to support my aunt who has brain damage (menengitis combined with alcoholic malnutrition). My uncle who is local to both Grandma and my aunt is one of the two trustees and does a great job. The other, due to family politics, is my father who cannot be trusted with money and who we all know cannot be trusted with money. He's on the other side of the country. I worry that he'll 'borrow' from the trust once Grandma's no longer with us (she's 92).
My father is the only person I've ever met who thought that he could sell land and not pay the IRS their share. He was really peeved when they started garnishing his paychecks.
I should probably talk to my uncle about getting my cousin, his son, who is local and thoroughly reliable added as a trustee. He'd do a good job of making sure that our aunt doesn't starve or end up homeless. He'd also go after my father if it needed doing. I'm less confident that my uncle would. I also don't want to see my father end up sole trustee if something happens to my uncle. My father's older by about eight years, but bad luck can happen any time, and my uncle smoked for decades.
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My father is the only person I've ever met who thought that he could sell land and not pay the IRS their share. He was really peeved when they started garnishing his paychecks.
I should probably talk to my uncle about getting my cousin, his son, who is local and thoroughly reliable added as a trustee. He'd do a good job of making sure that our aunt doesn't starve or end up homeless. He'd also go after my father if it needed doing. I'm less confident that my uncle would. I also don't want to see my father end up sole trustee if something happens to my uncle. My father's older by about eight years, but bad luck can happen any time, and my uncle smoked for decades.