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Estate Planning >> Trusts & Living Trusts >> Grandfather left money for myself, kind of...

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Discussion: Grandfather left money for myself, kind of... -
#217, posted 1 Mar 2022 3:43 am197 words
mattclaud (Offline)

Joined 1 Mar 2022 3:34 am

1 post

My grandfather passed away in October of 2003 and left me over $200,000. It was in probate for over 2 years, and finally this month a trust was funded to the bank. In my grandfathers will it would dispurse the money to myself when I reach 45, 50, and 55. Or if I started my own business, or have a personal residence, that the bank or trust would help fund. Come to find out...its not that easy. Of course the bank wants to keep the money, so they can make money. I've had a lawyer basically the whole time, and I've drafted up a letter stating I would like to purchase multifamily properties, and manage them. I'm 23 years old, and already purchased 1 last year with my own money, and it does very well. I would like to purchase more, but the bank does not like to dispurse money. Is there anything I can do to get the money out of their hands? It going to be going on 3 years, I would like to use the money before I'm that old. Any help appreciated. Thanks.

BTW: I'm from Seattle, wa if that helps/matters at all.

#218, posted 2 Mar 2022 11:47 am, in reply to #21785 words
Customer Support (Offline)

Joined 26 Jan 2022 1:01 pm

144 posts

9.6/10 Rating
Dear Mattclaud,

Usually questions related to Trusts are rather complicated and the answer depends on the wording of the trust. We can only assume that your grandfather’s will contains relatively firm language on when you may obtain the funds; that allows your bank to keep the money so far. Anyway, we strongly recommend you to consult an attorney in regards to this matter.

Please note that Legal Helpmate is not a law firm and we must not give you legal advice.

Best regards,
Customer Service


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