How do I find out what happened toa trust fund that was set up for me?
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How do I find out what happened toa trust fund that was set up for me?
A trust fund was set up13 years ago with my SSN. When my grandmother died the trust fund was suppose to be paid out to each of 8 grandchildren. She died a few months ago and I was told the money was all gone and there was nothing left. How can I find out what happened to the this money? Can I protest the Will and tryto retrieve even just the interest earned off it? There is a condo and a car for sale, and my younger brother forged my father’s signature on a check and deposited into his own account. What do I need to do to figure this out?
Asked on June 18, 2011 under Estate Planning, Missouri
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Oh my goodness. I am so sorry for your loss and for the problems that happened with the trust fund. Yes, I am sure that there is some recourse as against the Trustee if the Trustee misappropriated trust assets and dissipated trust assets. Trustees hold a high fiduciary duty and they need to be held accountable. They can be personally held accountable. So I would strongly suggest that you seek legal help here before you sign anything. And that you get a copy of all the documents in question - Will, Trust, etc. - and bring them with you. Time is of the essence in these matters so get going. Good luck.
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