What to do if my son was left in my grandmas will a sum of $35,000 to be placed in a savings account bearing interest but this was not done?
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What to do if my son was left in my grandmas will a sum of $35,000 to be placed in a savings account bearing interest but this was not done?
This savings account was to be in my sister and her husband’s name. My uncle then drew a Trust up 2 years after the Will along with some letters. He said he was going to try and get permission to put the money in the stock market. We have heard several stories the stock lost all the money and then that my uncle revoked the trust and took all the money because he didn’t like how my son was living, I have the Will, the Trust which is in my uncles name not my sisters, and all the letters my uncle sent to my sister. Does my son have a legal claim to file on this issue? Can criminal charges be brought?
Asked on September 15, 2013 under Estate Planning, Arizona
Answers:
Nathan Wagner / Law Office of Nathan Wagner
Answered 10 years ago | Contributor
It sounds like you should talk to your uncle about what has happened. At this point, you have only heard rumors that he lost all of the money and took all of the money. Find out what really happened.
If the rumors are true, it does sound like your son has a claim against your uncle for mismanaging the trust. You should contact a local probate attorney or trust and estates attorney to help you pursue your son's claim. To find out whether criminal charges can be brought, talk to the police or your district attorney's office.
Nathan Wagner / Law Office of Nathan Wagner
Answered 10 years ago | Contributor
It sounds like you should talk to your uncle about what has happened. At this point, you have only heard rumors that he lost all of the money and took all of the money. Find out what really happened.
If the rumors are true, it does sound like your son has a claim against your uncle for mismanaging the trust. You should contact a local probate attorney or trust and estates attorney to help you pursue your son's claim. To find out whether criminal charges can be brought, talk to the police or your district attorney's office.
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