A Listing Of Assets In A Trust In Florida--2nd Wife Taking It All?
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I'm one of 10 or so beneficiaries in my dad's trust. My dad and I were very close and in fact we lived next door to each other for about a decade.
His 2nd wife is trustee. He was well off and his 2nd wife is undoubtedly very comfortable. She was also named the highest percentage beneficiary and she also charged a 1% trustee fee. The 2nd wife and I got along cordially for those years, but I was dismayed at the manner of my dad's passing, the dr literally told me "we're trying to get him to die", and after his engineered death, the 2nd wife decided not to write an obituary announcement for the town he lived in for 60 yrs (i wrote it) and her decision not to have any kind of funeral or memorial service at all. I asked her after a few weeks if we could have a couple of his personal items, not very valuable, but was rebuked. She has not really spoken to me since before my dad's passing. She had her son call me to notify me of his passing whom I've only met half a dozen times. The last time I saw the 2nd wife, when my father was still alive but doing poorly, she randomly mentioned to me in passing that I wasnt going to get much of an inheritence. All these things have made me leary about the trust.
Was it mismanaged before his passing? The trust settlement offer came in the mail, and the total value of the trust was smaller than what I figured given his considerable assets. It does seem that the family wealth will end up in the 2nd family. There was no accounting sent, nor a list of assets (Schedule A) sent with the trust agreement. The trust settlement letter seemed aggressive, stating if anyone asked for an accounting, the trustee fee would go up with the result that the payout would go down. I feel bullied.
So I ask... what happens in situations like this? Do beneficiaries usually just accept the offer? Is it standard to ask for an accounting? Honestly think I'd gain more information with a Schedule A if it exists to see what the value of the trust was when it was created and before monies were taken out of it (suspecting the 2nd wife). If I persue legal council, it could be that all the other beneficiaries turn against me, not that we are a close family anyway.
Thanks for your thoughts.
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