Precedents over trustee fund

[K.I.L.E.R]

A caveat has been placed on one of my mum's houses.

The money used was my brother and I's trustee account and my mum had it on her name. This money was held trustee on my brother and I's name for 10 years.

The person who placed the caveat is my father and he wants my money.
Can I just claim all the money that was in the trust so my father cna't get anything?

 

[Silent_One]

I can't make sence of what you posted. Are you and your brother trustees to your mother's trust? Did your mother use the trust money to buy a house? Who is the trust from and who is it for? Is the trust an revocable or irrevocable trust? If you are a trustee to the trust you have a fiduciary responsibility to insure that the terms of the trust are fulfilled.

 

[K.I.L.E.R]

My brother and I are the trustees to my mother's trust.
My mother used the money to buy a house.
The trust is from my mother and it was for my brother and I.

Irrevocable trust it is.

Terms of trust?

 

[Silent_One]

Best I can tell since the trust is irrevocable the terms can't be changed. The house is both your brother's and your's. The terms of the trust may give your mother rights to the use of the house or manage the trust's assets, but generally she can not use the money for her own personal use. Neither can your father for that matter. However this is all speculation on my part since I don't know the actual terms of the trust.

 

[K.I.L.E.R]

Thanks man. I'll ask my mum more about the trust.