Personal Finance and Investing

FirstLight

(14,905 posts)

3. Everything is supposed to be "equal" as far as I know about the financial aspect.

Thu May 11, 2023, 12:51 AM

May 2023

Sis has Power of Atty regarding medical, but she also holds the checkbook so I guess she's in charge. Dad's got end stage dementia and has been deemed unfit since Mom passed last year.

Guess we'll have to cross that bridge when we get to it...when the actual house sells we'll have to go to the lawyer etc and see what's next and decide. She may be legally holding it all, but she's being really awesome about us making decisions together...

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Anyone here familiar with "Family Trusts"...? [View all] FirstLight May 2023 OP

The trustee is the person who makes decisions about the trust. Phoenix61 May 2023 #1

Everything is supposed to be "equal" as far as I know about the financial aspect. FirstLight May 2023 #3

How it's divided is a different issue. Phoenix61 May 2023 #6

Consult with an attorney who does trusts in your state. PoindexterOglethorpe May 2023 #2

ok...just wondering out loud... nt FirstLight May 2023 #4

Really, things like this are very complicated. PoindexterOglethorpe May 2023 #5

What Oglethorpe said. Captain Zero May 2023 #9

I agree Rebl2 May 2023 #11

Talk to your estate lawyer Thunderbeast May 2023 #7

I was told that if a Trust doesn't specifically prohibit something, then it's allowed. A HERETIC I AM May 2023 #8

It sounds like you're on good terms with your siblings nilram May 2023 #10