What should I be doing to find out what happened to my inheritance?
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What should I be doing to find out what happened to my inheritance?
My grandfather passed when I was 8 years old and left Trust funds for myself and 3 of my siblings (I have a copy of the Will and have confirmed this myself). I am now 30 and have been trying to piece together what happened to the inheritances because my parents will not allow it to be a topic of conversation. Each was in the care of my dad as a conservator. I remember appearing in court over the phone consenting to a portion of my inheritance being withdrawn for the explicit purpose of a downpayment on a home. I never heard anything after that but I can see in court documents that my dad had repeatedly requested the court allow for emergency withdrawals.
Asked on November 9, 2014 under Estate Planning, Missouri
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
Please take the documentation to an attorney to review. What you are claiming is that your Father may have breached his fiduciary duty and withdrew the funds for his own gain and in conflict with the terms of the trust. So it may be that you would have to sue him directly to find out what truly happened if trust records are unclear (an accounting should have been filed yearly). This is a hard nut to swallow so be sure. Good luck.
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