My father is elderly and lives in Kansas and has a large revocable trust that he and my mother created in 2003. My older brother is the co-trustee and helps my dad with bills, etc. My brother took out a $50,000 loan in secret from my father a number of years ago. He is a co-trustee of my father’s estate.
My brother is also forging checks that he writes from my father’s check book. It is unknown if he is buying anything for himself or if he is forging checks only to pay bills. Is it unreasonable to request that he provide a periodic accounting to the two other beneficiaries and what should a periodic accounting report include?
Your brother should not have access to your father’s bank account or check book. He has proven himself to be unreliable at best and untrustworthy at worst. All bills should be paid by direct debit or automatic transfer. Cancel your father’s check book, talk to his bank about the issue with your brother so the employees are aware that there has been an issue with erroneous checks. Talk to your father about becoming power of attorney and help him manage his accounts online.
So everyone is kept in the loop, I agree that a periodic accounting is a good idea, as long as that has the blessing of your father. Transparency will help prevent any other mismanagement of your father’s finances, and it will help restore trust in the family’s ability to help your father meet his financial obligations. An independent fiduciary to manage your father’s estate after he passes is a good idea and a trust will help in that process. Every step of the way, put your father first.
Forclose on his sorry ass !
Forgive and forget
Only lend money to family and friends if you will be ok never seeing that money again.
Is it just me or is marketwatch saturating it's feed with useless post? Time to unfollow...
Stop being salty because he beat you to asking for 50 racks first
Your brother is an ass-hole.
I suggest move on.
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