Sister wants me to give her full control of Trust

[chiefauralis]

My sister and I are both Co-Trustees of a Living Trust that our mother left for us. We are also both beneficiaries of the trust. All of a sudden, she wants me to relinquish my Co-Trustee position to her saying that she would rather have the control of the trust for signature purposes. Is there a way I can give her signatory rights without relinquishing my Co-Trustee position?

[themas]

You have to ask yourself why she wants to do this. Has she got an ulterior motive? If you agree to give up your Trustee status you are relinquishing your part of the control of the Trust. Is that wise? Even if you give her signing authority while remaining a Trustee (& I do not know whether you can) she would presumably have with it a lot more decision making power than she has now.

If I were you, I would refuse point blank.

[figure]

Of course there might be more to this story but I would never ever give her that right. NEVER!
On your part I don't think that would be the wisest think to do. You should speak to a legal, financial adviser.

[fredpuli47]

Don't. ! Absolutely not ! Don't relinquish and don't even try to give away your signatory rights. Don't sign anything for her to sign on your behalf .Don't listen top her blandishments or arguments.( If she insists, tell her that the terms of the trust 's creation are that you to be a trustee and it's not therefore wthin your power to relinquish).

[Whoever]

Do NOT relinquish your rights as a Trustee. There must be a reason why your sister has suddenly made this request. Has she got a new man in her life who is trying to influence her and put pressure on her, to enable her to get at the money? Could she possibly be deeply in debt, unknown to you, and be possibly seeing being a sole signatory as a means of getting her hands on the money to solve her problems? I think you should be deeply suspicious of the request and have nothing to do with it. Just because individuals are members of the same family I'm afraid that doesn't always mean they can be trusted.