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Businiess name:
Carolyn M Young Fiduciary Services
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Review by:
citysearch c.
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Review content:
In today's world of internet irresponsibility, anonymous postings are often the rantings of angry, hysterical individuals for whom life has not been kind. Occasionally, a person will identify themselves, allowing some light to fall on how Trusts can generate such hatred from beneficiaries. The previous post from Scott Hadley can be informative in this regard.\r
Suppose well-intentioned parents create a ""Special Needs Trust"" to benefit a grown son, whom we will call ""Harold."" The Trust may have been created because Harold has had problems with money in the past, or Harold may have mental or personality issues that limit his ability to act responsibly. The Trustee disburses the funds in the manner provided by the Trust, but Harold is impatient, wants all the funds immediately, and focuses his increasing rage on the Trustee. Harold may even project the anger he feels towards his parents (""Why did you do this to me? Isn't this my money?"") onto the Trustee. As the funds are eventually disbursed (it was never enough), Harold, who was having trouble holding it together on his allowance, becomes increasingly unhinged and enraged. The Courts are no help for Harold, since the Trustee acted according to the Trust instructions. Transferring this example to Mr. Hadley's case, the Court has, in fact, ratified all the acts of the Trustee as being appropriate. See the Young Fiduciary website or call her office for additional information regarding the court proceedings.
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