Sign up with GoogleI will keep this short (the full detail is available offline, some info might be privalged). I do have to add that in no way can I personally benifit from the below, nor do I want to. I also tried to steer clear of this because of the headaches and drama it brings.
She is both an executor of the estate and a trustee of the trust. She is also the main capital beneficiary.
My mom-in-law's estate has still not been finalized after more than 7 years. Yes, no a typo, more than 7 years. A trust as been set up as part of the will, which is supposed to manage her well-being from the estate's funds. This is happening by means of interest free loans from the estate's investment. And not small change either. Most of the loans have been towards her benefit though. The trust deed has been changed with strategically changed wording, but with major consequences, another trustee appointed way outside the alotted time frame (with disregard for what the will specifies), and the poor woman gets treated like toiletpaper. To the point where she does not want to deal with the poeple supposed to look after her.
I have a lot of questions and tried to educate myself in terms of the finances and what the law is surrounding trusts. My question is, how do I go about removing a dodgy trustee and executor from this whole situation? I have explored some avenues (legal and informal enquiries), and short of spending mountains of money on advocates, I don't see a way out for her? With the master of the court's offices being like CFR these days, I don't know if it is advisable approaching them either.
How do I help this old lady without breaking the bank, and doing it by the book? If anyone has advice, or can part with some time to steer me in the right direction, I would be utterly grateful. I don't know where to help or how to. These people are ripping her off - they have been paid nearly R700k JUST as an executor's fee. The other fees I am still counting. The conculsion of the will has been promised for years, but it's just not happening.
Anoyone, with any advice, or anyone I can speak to, I would be eternally grateful. I am also more than willing to disclose more information, but offline or in a private message.
Thank you in advance.
She is both an executor of the estate and a trustee of the trust. She is also the main capital beneficiary.
My mom-in-law's estate has still not been finalized after more than 7 years. Yes, no a typo, more than 7 years. A trust as been set up as part of the will, which is supposed to manage her well-being from the estate's funds. This is happening by means of interest free loans from the estate's investment. And not small change either. Most of the loans have been towards her benefit though. The trust deed has been changed with strategically changed wording, but with major consequences, another trustee appointed way outside the alotted time frame (with disregard for what the will specifies), and the poor woman gets treated like toiletpaper. To the point where she does not want to deal with the poeple supposed to look after her.
I have a lot of questions and tried to educate myself in terms of the finances and what the law is surrounding trusts. My question is, how do I go about removing a dodgy trustee and executor from this whole situation? I have explored some avenues (legal and informal enquiries), and short of spending mountains of money on advocates, I don't see a way out for her? With the master of the court's offices being like CFR these days, I don't know if it is advisable approaching them either.
How do I help this old lady without breaking the bank, and doing it by the book? If anyone has advice, or can part with some time to steer me in the right direction, I would be utterly grateful. I don't know where to help or how to. These people are ripping her off - they have been paid nearly R700k JUST as an executor's fee. The other fees I am still counting. The conculsion of the will has been promised for years, but it's just not happening.
Anoyone, with any advice, or anyone I can speak to, I would be eternally grateful. I am also more than willing to disclose more information, but offline or in a private message.
Thank you in advance.
