conesting trust fund question ?
enola gniyd asked:
my Grandfather died last night leaving his 1.5 million dollar trust to his three children,my father,uncle and aunt.It is comprised mainly in farm ground of aprx 325 acres.My uncle and aunt may do as they wish with their inheritance but my father is supposed to be unable to sell any property but may only receive payments from a share cropper which should give my father aprx $25k per year,when he dies the trust fund says the land goes to his surviving 7 children and we may sell it or do what we wish.My father seeks to contest this on the grounds that when my grandmother was alive (she died 14 years ago) that she signed a 5 x 8 card that my father wrote out stating that she owned half of the property and her wishes are that my father could sell the property,this was aprx 1 week after my grandfather had written the trust fund up and my father did not contest anything then or when my grandmother passed away so it has been in place at least 14 yrs.dad wants to drill for oil grandpa said no
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Filed Under Renting & Real Estate |
Tagged With Dad, Inheritance, Trust Fund