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Kitty4670
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25 Mar 2022, 8:35 pm

My mom left a trust fund for me,my sister & my nephew, the money ran out, my sister going get a loan. It her fault, she should have told me we were running out of money sooner than she did, if she told me when I asked her, I could have saved more money. Why she always claims that she knows ALOT about me, I don’t understand. She acting like my mother not my sister. She don’t care to realize that she is wrong about me. She loves to be right, she think it up to her to decide what I have. She can make things sooo worse for me. She think I can handle things like she can & can handle stress like she can. She think I’m lucky to stay home & get free money, I’m lucky!! Lucky to have Cereal Palsy, Aspergers & Psoriasis, she don’t know about my Dyslexia & Learning Disability. Now she claims she is disabled herself. I HATE that woman! When I think about dying, she is a big part of it. When I call my grandmother, she always asked how is what her face, how do I know, we are not close, I wish she would stop asking about what her face. She think family need family, alot of families don’t get along, they don’t even see each other.



auntblabby
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26 Mar 2022, 3:13 am

^^^ i am sorry your trust fund was mismanaged, that sucks for sure.



Nades
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26 Mar 2022, 4:40 am

Your sister made mistakes but I don't think they made any difference on the inevitability of the fund running out.

I think borrowing more money is a very bad idea.



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26 Mar 2022, 9:33 am

Unless you had a trust large enough to live off the interest generated by the principal ,it would eventually run out.
If you had a $100,000 trust that was generating 10% that would only be $10,000 year to use without touching the initial investment .
To live off a trust without depleting it you would need at least $ 500,000.Even then your trust wouldn’t grow without reinvesting some of the interest.
I’m with Nades, borrowing is a bad idea if you plan on living off the loan.She would need collateral for the loan , and a excellent credit rating to be approved for a loan that large.


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Nades
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26 Mar 2022, 11:18 am

I think both you and your sister need to come to terms with the reality of the situation you find yourself in now. Your sister planning to get a loan as a substitute for a trust appears to be somewhat out of touch on her end. She is aware that all money from a loan needs to be paid back eventually with even more on top? Loans are intended as a temporary pot of money that need to be used wisely with a plan to pay it all back. Loans can't be used as a source of income.

I would speak to your local authorities and see if you can claim benefits ideally outside of the sphere of your sister.



Kitty4670
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27 Mar 2022, 1:03 am

Nades wrote:
I think both you and your sister need to come to terms with the reality of the situation you find yourself in now. Your sister planning to get a loan as a substitute for a trust appears to be somewhat out of touch on her end. She is aware that all money from a loan needs to be paid back eventually with even more on top? Loans are intended as a temporary pot of money that need to be used wisely with a plan to pay it all back. Loans can't be used as a source of income.

I would speak to your local authorities and see if you can claim benefits ideally outside of the sphere of your sister.



I think she knows about paying the bank back. I know the loan not going to be enough, she is planning on selling her house, the house is a investment with mine & my nephew money if she waits on selling, she will get more money.



Nades
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27 Mar 2022, 1:33 am

Kitty4670 wrote:
Nades wrote:
I think both you and your sister need to come to terms with the reality of the situation you find yourself in now. Your sister planning to get a loan as a substitute for a trust appears to be somewhat out of touch on her end. She is aware that all money from a loan needs to be paid back eventually with even more on top? Loans are intended as a temporary pot of money that need to be used wisely with a plan to pay it all back. Loans can't be used as a source of income.

I would speak to your local authorities and see if you can claim benefits ideally outside of the sphere of your sister.



I think she knows about paying the bank back. I know the loan not going to be enough, she is planning on selling her house, the house is a investment with mine & my nephew money if she waits on selling, she will get more money.


What happens when that money runs out too?



Kitty4670
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27 Mar 2022, 1:51 am

Nades wrote:
Kitty4670 wrote:
Nades wrote:
I think both you and your sister need to come to terms with the reality of the situation you find yourself in now. Your sister planning to get a loan as a substitute for a trust appears to be somewhat out of touch on her end. She is aware that all money from a loan needs to be paid back eventually with even more on top? Loans are intended as a temporary pot of money that need to be used wisely with a plan to pay it all back. Loans can't be used as a source of income.

I would speak to your local authorities and see if you can claim benefits ideally outside of the sphere of your sister.



I think she knows about paying the bank back. I know the loan not going to be enough, she is planning on selling her house, the house is a investment with mine & my nephew money if she waits on selling, she will get more money.


What happens when that money runs out too?


My sister told me I will get $50,000 from the loan. When she sell her house, she said I will have more money that probably last a few years or more, but she could be wrong. What I don’t understand is, wouldn’t it be very smart to give more money to the disabled person? My mom made trust fund so I got to split the money with my sister & my nephew get the rest, I get life insurance from mom, but it not alot.



auntblabby
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27 Mar 2022, 2:30 am

Kitty4670 wrote:
Nades wrote:
Kitty4670 wrote:
Nades wrote:
I think both you and your sister need to come to terms with the reality of the situation you find yourself in now. Your sister planning to get a loan as a substitute for a trust appears to be somewhat out of touch on her end. She is aware that all money from a loan needs to be paid back eventually with even more on top? Loans are intended as a temporary pot of money that need to be used wisely with a plan to pay it all back. Loans can't be used as a source of income.

I would speak to your local authorities and see if you can claim benefits ideally outside of the sphere of your sister.



I think she knows about paying the bank back. I know the loan not going to be enough, she is planning on selling her house, the house is a investment with mine & my nephew money if she waits on selling, she will get more money.


What happens when that money runs out too?


My sister told me I will get $50,000 from the loan. When she sell her house, she said I will have more money that probably last a few years or more, but she could be wrong. What I don’t understand is, wouldn’t it be very smart to give more money to the disabled person? My mom made trust fund so I got to split the money with my sister & my nephew get the rest, I get life insurance from mom, but it not alot.

you are better off seeing a fiduciary with that trust money.



Nades
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27 Mar 2022, 5:22 am

Kitty4670 wrote:
Nades wrote:
Kitty4670 wrote:
Nades wrote:
I think both you and your sister need to come to terms with the reality of the situation you find yourself in now. Your sister planning to get a loan as a substitute for a trust appears to be somewhat out of touch on her end. She is aware that all money from a loan needs to be paid back eventually with even more on top? Loans are intended as a temporary pot of money that need to be used wisely with a plan to pay it all back. Loans can't be used as a source of income.

I would speak to your local authorities and see if you can claim benefits ideally outside of the sphere of your sister.



I think she knows about paying the bank back. I know the loan not going to be enough, she is planning on selling her house, the house is a investment with mine & my nephew money if she waits on selling, she will get more money.


What happens when that money runs out too?


My sister told me I will get $50,000 from the loan. When she sell her house, she said I will have more money that probably last a few years or more, but she could be wrong. What I don’t understand is, wouldn’t it be very smart to give more money to the disabled person? My mom made trust fund so I got to split the money with my sister & my nephew get the rest, I get life insurance from mom, but it not alot.


This isn't much money and it comes from sources that are not ideal. A loan is a poor source of money and selling a house for cash, a lot of which might go on rent might be unwise.

Have you got any plans for when the money runs out?



Kitty4670
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10 Apr 2022, 9:41 pm

Nades wrote:
Kitty4670 wrote:
Nades wrote:
Kitty4670 wrote:
Nades wrote:
I think both you and your sister need to come to terms with the reality of the situation you find yourself in now. Your sister planning to get a loan as a substitute for a trust appears to be somewhat out of touch on her end. She is aware that all money from a loan needs to be paid back eventually with even more on top? Loans are intended as a temporary pot of money that need to be used wisely with a plan to pay it all back. Loans can't be used as a source of income.

I would speak to your local authorities and see if you can claim benefits ideally outside of the sphere of your sister.



I think she knows about paying the bank back. I know the loan not going to be enough, she is planning on selling her house, the house is a investment with mine & my nephew money if she waits on selling, she will get more money.


What happens when that money runs out too?


My sister told me I will get $50,000 from the loan. When she sell her house, she said I will have more money that probably last a few years or more, but she could be wrong. What I don’t understand is, wouldn’t it be very smart to give more money to the disabled person? My mom made trust fund so I got to split the money with my sister & my nephew get the rest, I get life insurance from mom, but it not alot.


This isn't much money and it comes from sources that are not ideal. A loan is a poor source of money and selling a house for cash, a lot of which might go on rent might be unwise.

Have you got any plans for when the money runs out?


I thought about this too. Since my sister in charge of the trust fund, I also thought what will happen if she died. I guess all I can do is pray that things will work out, save more money. I have another account for disabled people, I can have over $2,000 in there, I already have $140 saved, I need to mail my mom’s life insurance checks, I’m not good at mailing them every month. I’m on reward sites too.