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22:53
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Q: Can a trust be changed if it can be proven the terms were setup to continue psychological abuse?

ZeroPhaseI have a trust fund that's designed so the trustee heavily controls my access to the finances. I have to give him a bunch of documentation to get money. It's my understanding most trusts just let you ask for money. My parents were abusive through out my entire life, and they set this trust up as ...

Just curious, what "bunch of documentation" are you required to provide?
I am sorry this happened to you. As a general matter, the decedent- your father in this case- has wide discretion to set up a conditional trust. If the conditions are against public policy they might be unenforceble.
Setting up a trust for someone seems like a strange way to inflict a final screw-you. Additional oversight is usually reserved for people who are expected to have questionable judgment, which appears to be the case here.
I have psychologists who agree.
I asked them to set it up a specific way so the trustee acts as an advisor and does not have full control, and they intentionally made it as hard as possible to access the money.
I also have decades of psychological reports that should support abuse.
@MichaelHall I have to provide receipts. Usually, you just call and tell them you need money, and they inform you if you can do that.
Depends on your attorney, and how the judge perceives your situation. On this represents anything is possible. Was your parents wealth inherited by them or did they earn it all themselves?
22:53
My father earned it all. He also went ahead and fucked me over with decades of investing going back to high school. I have multiple degrees but could never find consistent work with it. I watched students with GPAs far below mine get hired in place of me. I basically just stay home, and avoid human interaction.
All I wanted to do was buy Amazon shares in high school, and after college buy Bitcoin. There's a bunch of people on Wall Street who own major firms who inherited their initial funds around their teen years. That's what I've been trying to do for the past 20 years. But, my idiot father thought stuff like Facebook were worthless. I had to hide money from him in order to invest a dime.
He did mention not liking the Wall Street guys that inherited their wealth. Claims a lot of them were assholes. They were worth more than him, though.
What I wanted to do starting at a young age of six is take his money to buy stocks. I have a near perfect prediction rate. I wanted to do something similar to the Medici's. That family grew their wealth over five generations and invented much of modern accounting. They're descendants are still incredibly wealthy.
I think it would be more productive to use those psychologists to work on whateever is keeping you from working a normal job and making your own money. If you still rather cling to what you consider abuse, then get a real lawyer that you can trust with the details, because without any details, you will get a wild guess at best.
Just to clarify, are your parents still living? And they are limiting your access to THEIR money, (that they have put in a trust to ensure your financial security now, and when they pass...) because they have a more conservative investment philosophy than you? But you are an able adult who works and are free to invest your own money as you see fit without interference from them? Or are they attempting to control what you do with your own earnings?
@ZeroPhase I'm sorry in advance if this sounds harsh, but the simple fact is - the majority of us out here "in the real world" do not have trust funds we can access (with or without "a bunch of documentation"). If you don't like the conditions of access to this trust fund, then don't access it. Treat it like it doesn't exist, and be like one of the rest of us. The money in this trust fund is not "your money" - it's a gift to you which is apparently only granted if you fulfil certain conditions. Just don't accept the gift and carry on with your life.
Jen
Jen
When a grantor transfers money to a trustee in trust for someone else's benefit, it is no longer "their" (the grantor's) money in any sense in law. The situation is also materially different than a gift. The question is clear: there is a trust, there are conditions attached to accessing the assets; none of the other details asked about would clarify the legal question, which Cadence has answered clearly.
@Jen the point I'm suggesting is that the OP treat the trust as a gift. I'm not suggesting this is legally the case.
22:53
@jen, the questions absolutely clarify the legal situation. Setting up a trust to provide essential needs for a disabled heir, yet making it so arduous to submit a claim with the express intent of inflicting emotional abuse is FAR different than a wealthy conservative couple establishing procedures to ensure for future well being while protecting their able adult child from squandering it by investing foolishly. Rather than critiquing other's lines of questioning to discern the actual situation behind the question, why don't you undelete your answer and expand on these different scenarios?
There is no reason to use profanity here. And FWIW, receiving family money at a young age is a proven way to f@$k a person up for the rest of their life. There is value in making an honest living by working hard for what you earn.
@MichaelHall The statement "My parents were abusive through out my entire life, and they set this trust up as a last screw you to me." implies that the parents are now dead.
@ohwilleke, but the statement "That's why I have a trust that requires me to cut contact with the family, and never speak to my parents again. I want nothing to do with them either." implies they may be estranged, yet still living.

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