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View Full Version : Must an excutor pay out moneys to beneficiaries in lump sum?


Cindy2009
Mar 30, 2009, 09:02 AM
Father-in-law's will states my niece to receive her share at age 18, which is in July. She currently lives in a situation where her money will be used by her brother and gone in no time. He has already taken what money Dad had put into an account in her name.

She is very naïve and timid and will never say no to him.

We want to hold her money in trust, paying for an apartment and living expenses and schooling if she wants. We will give her a monthly allowance. We will give her a lump sum of the balance once she demonstrates the ability to control it.

Is this legal?

Fr_Chuck
Mar 30, 2009, 09:27 AM
Her money can or should not be able to be used or gotten by anyone, at his death, the money is to be put into the estate, and paid out though the court. She needs an attorney and file for an accounting of the estate

Cindy2009
Mar 30, 2009, 09:46 AM
Her money can or should not be able to be used or gotten by anyone, at his death, the money is to be put into the estate, and paid out though the court. She needs an attorney and file for an accounting of the estate

Father-in-law has already died, my husbund is executor. We are waiting for his home to be sold which should be relatively soon.

The attorney involved says it is up to him to dish out the cash.