Messages By: renagade

Quote From: tcbears

I wasn't sure what topic to put this under but I decided to try this one.  I need help to figure out what to do my Grandmas trust attorny is swindling my grandma's money and I don't have the money to hire a lawyer to go after him.  He say's one thing then says something completely different.  My Grandma told me when I was growing up that I would be in her will along with my dad and aunt.  He wants me to sign an irrevocable trust fund which would only have $5,000 dollars in it and I know grandma would want me to have more than that.  He also says that I am a discretionary beneficary.  In Grandma's last will and testament there is no listing of any beneficiaries.  He also said that my dad can't give me a gift out of  the trust.  The lawyer says its up to him if he wants to give out the money or not.  My husband looked up some of the words in the law dictionary and these words are not in there.  If anyone out there has any suggestions that would help, because I am so confused and down. 

Thank you

Cindy

Quote From: tcbears

I wasn't sure what topic to put this under but I decided to try this one.  I need help to figure out what to do my Grandmas trust attorny is swindling my grandma's money and I don't have the money to hire a lawyer to go after him.  He say's one thing then says something completely different.  My Grandma told me when I was growing up that I would be in her will along with my dad and aunt.  He wants me to sign an irrevocable trust fund which would only have $5,000 dollars in it and I know grandma would want me to have more than that.  He also says that I am a discretionary beneficary.  In Grandma's last will and testament there is no listing of any beneficiaries.  He also said that my dad can't give me a gift out of  the trust.  The lawyer says its up to him if he wants to give out the money or not.  My husband looked up some of the words in the law dictionary and these words are not in there.  If anyone out there has any suggestions that would help, because I am so confused and down. 

Thank you

Cindy

Quote From: marsplasti

Thanks and let me answer some of your questions.

1) I do know what a mutual fund is and how they work but I have been told by many that they produce a small return.

2)I do stress when I have to balance check book, and have stress when it comes to basic money managment.

3)I have tried to read Rich Dad,Poor Dad and I read most of Suzie Ormans books and I watch alot of the money management pbs specials on tv.

4) I dont understand compound interest?

5)I dont know anything about compound interest and dividends.

I would be somewhat fearful of a mutual fund.

Okay; Someone I know told me to invest in high yield dividend investments.

My risk tolerance is moderate. I need a return on my money to be able to live off some of the income I generate for the year.

Thanks

Quote From: dlb30188

I moved away from a more expensive area of town and purchased a modest ranch home last October.  I have been living frugally, slowly working on my debt load, paying it down (Used as much of the home sale proceeds for that, as I could).

 

I am facing a vindictive ex-husband who is seeking as much child-support that the law permits him to get. My sons have moved in with him. He has the bigger house, more income, cable tv, etc., etc. My sons are talking about going to Disney this fall. He sends them to expensive summer camps, too.

 

I have no cash reserves anymore.  I have considered bankruptcy (suggested by the ex), but have been led to believe (by God) that it is not what I should do. This would free up some money to pay for child-support, but I'd still be short for the essentials, some months.  Option #2 would be to write a "loan" on a credit card with teaser rates to get by for now.

 

I don't dare increase my income right now, as we will be back in court in one year, seeking a modification of child support again (The oldest will turn 18). If my income increases, then the child support figure that my ex will seek will be larger, than if I gut it out at my present level.

 

It is hard to not be totally depressed. Sometimes, I'm bitter.

 

Any hope? Any suggestions?

 

 

Quote From: fir3rainbowfly

We have been married for 6 years and have 2 great kids.  Last year we bought our first home and since then his hours have been cut to minimum of 40 a week and we can't get by that way now.  I have been the bill payer for as long as i can remember in this relationship and have been getting us by on what he makes.  But here latly i have found myself tired and overwhelmed cause he does not know that the house payment is behind and i must come up with the 2 months payment by the end of the month..  I have not told him cause i am afraid that he will take my kids cause we have been in a similair problem and he told me that if we get into it again he was taking the kids and leaving... So i have not told him of this cause i know i will be able to fix it.  When we argue he only seems to hear the bad Sh** and not the Good.  I am good at calling these billers and working out some kind of plan to get us back on the straight But he don't want or just refuses to hear what i have to say.  I told him that he could take over the if he thinks he can do better, but get the "Well i work 10 to 11 hours a day and when I get home i don't need the added stress of the bills and kids." So he told me "To let him know what and when the bills need paid and he would let me know what bill to pay weekly".  Well it sounded good at first but He wants to Pay the bills on His schedule not on when they are due..  He wants to pay them by importance and thats fine and good but yet you let the sattilite or internet get shut off and all H*** breaks loose and its my fault.  I have had a few friends tell me i need to tell him and if he leaves and takes the kids call the cop get my kids and leave.  That would be my sign to collect my things and move on.  But i don't want to put my kids through that.  What should i do?????