Chad
La Quinta,#2REBUTTAL Individual responds
Mon, April 17, 2023
I said agreement received but in reality they threatened me with a lawsuit.
Larry
Phoenix,#3Consumer Suggestion
Sat, February 26, 2011
My father amassed a small fortune during his lifetime and decided that he did not trust my brother or me to spend his estate wisely, so he established a trust fund. In 1998, a year after his death, the value of his stocks were 1.5 million. Over the next ten years the trustees managed to drain and mismanage the investments to the point that they were worth less than 25% or their original value.
My advice to anyone who thinks a trustee will protect their estate needs to rethink the whole situatiion. Professional trustees generate fee after fee by constantly buying and selling investments that they themselves control. It's nearly impossible to fight the trustees as they will use the assets in your trust to defend themselves. If you still insist on putting your estate in the hands of a trustee, put in a provision to limit the amount of fees that the trustee may charge and require that the value of the estate must increase by a certain percentage each year. (There is no excuse for a professional money manager to lose money for his clients, regardless of the economy.)
SueFirstAmerican
Indio,#4Author of original report
Sat, February 26, 2011
agreement reached