I1. Dad passed away last decade
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I was supposed to receive life insurance benefits from my father, which I didn’t know about. Found out via some digging. Contacted the life insurance company to confirm that there was 100% a check in my name meant for me as an adult.
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I found out not too long ago that my mother took this money and put it in a living Trust, where she is the Trustee and I am the beneficiary. I was never told about this Trust, either. I found out, again, via digging.
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The Trust is a revocable Trust.
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The Schedule of Property includes… a bank account that is HERS and not mine, HER physical items (like jewelry), along with an LLC of which she owns 100% of shares.
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I also found out that she has bought and sold at least one property under the name of this Trust.
My question is: what the **** was the point of apparently making me the “beneficiary” in this case?
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source https://www.reddit.com/r/RealEstate/comments/1g9c70f/what_was_the_point_of_including_me_in_this_trust/
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