Hey Pearl, My grandfather named me the executor of his trust 7 years ago. I helped him write the trust. He put in the trust that when I became executor upon his death I would receive 5 acres of land of my choosing. 2 months prior to his death my Uncle was named executor. My grandfather was very ill and had a brain tumor. The trust is written to mainly benefit the grandchildren. My uncle will not switch it over to my name nor resign as executor. I'm not allowed to challenge or I lose any rights to being a benificiary. My uncle is now telling me that he is going to wait 18 months to do anything with the trust. Can he do this?
JA: Dealing with estate
issues can be complex, but getting accurate information now will save you headaches -- and potentially heartache! -- down the road. Because laws vary from state to state, could you tell me what state is this in?
JA: Have you consulted a lawyer yet?
Customer: No, but the trust is held by an Attorney
JA: Is there anything else the Estate Lawyer should be aware of?
Customer: There is property that is listed that receives rental income and property that is not listed in the trust that receives rental income as well. My grandfather wanted my uncle to receive the income from these properties as part of his retirement. However it is not listed that way in the trust. Also, My uncle believes now that he is executor he gets 6% of everything he sells as well as the property that is supposed to go to me when I become executor.
JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Estate Lawyer about your situation and then connect you two.