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I have a trust found for school set up and i am going to school and i am not getting any help, what should i do?

dad passed away i joined the army, now 5 years latter im out and i trying to go to school to use my gi bill and they taking time and the school trust was set up to me to if i go to school and they refuse to help me, i need books a place to leave and they stoped talking to me, i have to talk to a banker just to get answers. what should i do i cant afford a lawyer right now

Dec 18, 2014 by joe from Salem, OR in  |  Flag
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You should also be able to use the Post 9/11 GI Bill to help pay for school (if not all of it with an additional living allowance). If you haven't already, reference the VA for more information: http://www.benefits.va.gov/gibill/post911_gibill.asp This should help you save a bit more money, which you can put towards an attorney retainer if need be. But, of course, as Larry and Frank have already stated, read the trust documents first so you know what you can and cannot do.

Comment   |  Flag   |  Dec 31, 2014 from San Diego, CA

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Larry R Frank Sr Level 20

I'm sorry to hear you're having problems Joe. Trusts are written with specific instructions as to when and how you may get money from the trust. It is not all available for anything at anytime. Trusts are not simply a pot of money you can call your own. Your father has stipulated when and how you get some of the money over time. If your only contact is through the banker, then ask him to please get you a copy of the trust so you can read what the rules set up by your father are - when and why you get some of the money at various times. Once you understand what the rules are, it will be easier for you to follow your father's instructions he laid out for you in the trust. It is your right as the trust beneficiary to get a copy of the trust so you understand what others may, and may not, be able to do for you with that money. I hope this has helped you understand better what your father set up for you.

Comment   |  Flag   |  Dec 18, 2014 from Roseville, CA

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John Essigman Level 17


Very sorry to hear about your troubles. Larry makes some very good points assuming that the trustee is serving your best interests. Sometimes banks and trust officers don’t do the right thing but a trust gives them broad powers and discretion that can be interpreted in a variety of ways.

I serve as both an advisor and trustee for some clients. Send me a copy of your trust and contact information and I will provide a complimentary review. You may still need a lawyer but I have seen trust officers change their tune once you have an advisor or they receive a lawyer letter.

Warmest regards

John USMC 1978

Comment   |  Flag   |  Dec 19, 2014 from Cleveland, GA

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