My mother had put my money in my trust fund since i was young. When i turned 18 i told her she can stop and that i will now put my own money in it. With the money she was putting in mine she can put it my younger sisters trust fund. One she got just started wanting to use the money like it its hers. As far as i know, she was the one putting money in my trust fund not hers and mine. I specifically told her i will only use if something terrible were to happen to her like she dies. So AITA ?
NTA
NAH. OP does not specify the purposes towards which their mother plans to use those monies. For example, if it’s to cover the costs of OP’s continuing education and/or medical care, that would seem legitimate. More generally, the documents creating the trust should dictate acceptable uses for its monies.
What’s more, OP doesn’t say who is the trust’s executor. If it’s mom, she’s well within her rights and obligations as the trustee to use the trust as she sees fit, once again, as long as the money is used as per the trust’s original charge. If the trustee is now OP or someone else (not mom), then mom’s ability to use the trust should be curtailed accordingly.
A trust fund is not a college savings account. And being an executor doesn’t mean shit. If the money is meant for OP not the mother than taking from the trust fund even as an executor might legal but definitely theft from a morals perspective.
NTA. This sudden change of events is strange.
> When i turned 18 i told her she can stop and that i will now put my own money in it.
What? Why would you put your own money in a trust fund meant for you? This is all very strange.
Not really, it depends on how the trust was setup. I can see doing that as part of a long term savings program. Yes, anything set up in the trust, can be setup, outside of the trust, but if the work was done once why do it a second time.
Huh?
NTA
If you are the sole beneficiary of the Trust fund, then that is your money that you can withdraw only for the purposes states in the Trust documents.
INFO: Is it a trust fund or a savings account? Many people get them mixed up and they are completely different. From the way you talk about it, it sounds more like a savings account.
Edit: Also, if it is a savings account, you need to make sure you’re the only person on the account. If she is on it too, she can withdraw that money whenever she wants to. So either withdraw all of the money and open your own account, or have her come to the bank and remove herself from the account (less likely if she wants to use that money herself).
NTA! You might want to immediately consult a lawyer to understand the legal terms of the trust. Ensure your mother is not mismanaging or stealing funds. Get your own control over the assets, as she seems to view it as her own.
You’re going to have to clarify a few things, like…What are you talking about? Is it a trust fund? Or a savings account? And, why are you putting money in your own trust fund?