Legal Question in Wills and Trusts in New York
concerning an irrevocable trust in N.Y. Recently my mother had changed bank checking account. To receive any future income from trust a form needed to be signed by both trustees myself and brother. Before he had signed form he sent letter to me stating he would sign only when he got his half of trust,in his words "his in the event" other than lacking morals, anything legally wrong with this???
1 Answer from Attorneys
Not having seen the trust agreement I cannot comment. Usually, in such a trust, dual signatures may be required to effect distributions, so he can be difficult about this. I am not sure how, if Mom is still alive, he is entitled to terminate his share of the trust. If you could get me a copy of the trust agreement, I could review it and properly respond to your inquiry.