Posted on: 10th Feb, 2008 04:55 pm
my mother's assets were in a trust with all siblings name on the trust documents. my brother who is the trustee is now the sole owner of her house. she has alzheimers disease. he recently took out a $325k loan without our (brothers/sisters' consent or knowledge). documents states it is a quit claim deed. is that legal?
mary
mary
It depends on how the trust was structured......if all the siblings had a controlling interest in the trust.....then chances are what he did was not legal......I would suggest you get a copy of the quick claim deed.....and take that and the trust to an attorney......
Hi Mseo,
Welcome to the forum.
I agree with Cedric that it really depends upon "how the trust was structured". If all the siblings are co owner of the property, then it was illegal. But if he is the sole owner of the property, then it was ok. But I would request you to review the deed by an attorney.
Thanks.
Larry
Welcome to the forum.
I agree with Cedric that it really depends upon "how the trust was structured". If all the siblings are co owner of the property, then it was illegal. But if he is the sole owner of the property, then it was ok. But I would request you to review the deed by an attorney.
Thanks.
Larry
My mothers will stated clearly all she had to be divided equally to three children. One died. One was in touch with her attorney. I was told I got disenhireited. The Court house Lady secret secretary to her attorney. Told me there was no will. She had all titles to Two Million dollars worth of Historical farm land. I saw the quick claims on her and my fathers proberty after her death my father died before her. The sheriff a drug dealer. Laughted at me. I can not even make a police report. The FBI said they will not help me. The Attorneys said it will cost me to much. I am not going to give up. I want a report made should I just go ahead a tell all the the Channel New?
My mothers will stated clearly all she had to be divided equally to three children. A Will after several years I finnially got from an dishonest court women. No Attorney would take case in my area. The Chef of Police in with drug ring. My inhereitance Illegally quick claimed is now used for illegal purposes. No help from FBI. Even not help from SEC. or State. Justice Dept. says I have to go thru the Protical make a report before they will help me. I have many other problems people stealing from me because of no help. I have all public records on my behalf. One Attorney said I was right but told me to leave town to be safe he would not take case. Should I just tell the President about this evil town. Helpless in Montgomery City Mo.
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[Email address deleted as per forum rules.]
Hi Susan,
I can understand that you're going through a tough time. I personally feel that you need a good real estate attorney who can take up the matter in the court and try to give you justice. If you wish you can contact the media and take their help in resolving this matter. Be safe.
Thanks
I can understand that you're going through a tough time. I personally feel that you need a good real estate attorney who can take up the matter in the court and try to give you justice. If you wish you can contact the media and take their help in resolving this matter. Be safe.
Thanks