The woman begins to create a Trust account for her great-grandchildren, with the money that is in the account. The papers to create the trust are signed by the woman and include the names of who the money is for. The papers were submitted to the bank for finalization. The bank never finishes it's part. The woman's daughter, who is on the account, withdrawals the money. She promises to pay it back. The woman passes away, so the woman's daughter never pays the money back, and completely ignores any request for the money to be paid back. This woman then passes away. Would those papers be enough proof to hold up in court that the money is to be repaid to the names on the papers?? Thanks for any advice!!
I'm just curious about the paperwork itself, not whether the bank finished it's part or not. I just want to know if the paper would be proof enough to take court the money is owed.
2007-06-18
01:06:05
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5 answers
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asked by
Astroman
3
in
Law & Ethics