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?
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?