Legal Question in Wills and Trusts in California

My mother passed away in Philadelphia, Pennsylvania, in 2007 and her estate was finally settled in 2010. In her will, my mother "did give and bequeath to my son, Michael Moore, thats me, $10,000.00 to be held in trust, by her trustee, with the following terms and conditions:

A. Trustee shall hold the then principal and accumulated income in an interest bearing account to be dissolved after a period of 5 years.
B. If this trust is unclaimed after 5 years, this trust shall terminate and the accumulated income and balance of principal then remaining shall be divided equally among the following grandchildren...or the survivor of them as remaindermen, absolutely and free of trust.
I nominate, constitute and appoint my Daughter, Dianne ..., as trustee of the trust created by my will."
My question is how can I get the money left to me in my mother's will? Do I have to wait 5 years?

Asked on 10/26/11, 6:57 pm

Scott Jordan Jordan Law Office

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No. After 5 years the trust being held for you will terminate and the money distributed to the other grandchildren.

You need to contact the trustee, Dianne, and claim the money.

Answered on 10/26/11, 7:07 pm

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