PDA

View Full Version : And the pig got up and slowly walked away


reprise
07-06-2005, 11:21 AM
As many of you know (because the IPU knows I've told you about it so often), I have been the trustee for a rather small amount of money for my son until he turned an age nominated by me. I didn't think he was responsible at age 18, I didn't think he was responsible at age 21, but given the amount of money involved and given that if it was going to be at all useful to him I finally signed it over to him last weeks on his 25th birthday.

Well you'd think I'd raped a fucking monkey. As one of the trustees on this account, I've put it off for 11 frigging years. Until today, I did NOT know that the rest of you were tied into my releasing *your* money. I always knew that I was a trustee in my son's account until he turned 25 and then 30, but I really did not know that you guys couldn't claim *your share* until I signed off on it.

So you're all trying to convince your dad to sign over the money to you *now* before he's even dead, because y'all got youselves in mega debt in anticipation of BOTH of your parents dying and he's still around and playing competition table tennis all over the world in his mid-eighties.

I didn't ask to be his trustee or executor, but I sure as shit understand why he trusts me - not related by blood - to look after his frigging legacy. It's because all of those years when his son was dying I never asked your parents for a cent. And now you yuppies are asking him for hundreds of thousands of dollars each because your business ventures went bad. You're not only ASKING him, you're harassing him because you borrowed against his will.

Just try enforcing THAT particular contract in the High Court. Assholes.

Never in my life before has it given me so much pleasure to give away other people's money. Today I got my shadenfreude to the tune of $5 million dollars (this was never my money, only other people's entitlements). I really, truly, did not know that there was even more money than that involved (hell, I didn't even know there was that much involved), but you can't go to the courts and ask them to revoke my authority just because we've all found out there's *serious* money at stake.

Sitting here fucking laughing because after all these frigging years I'm the only one - inside or outside of the family - who is trusted to control the money. L'il old me who twenty years ago was blamed for your brother being gay and having AIDS.

How in the everloving fuck did you guys get yourself in so much debt that you are relying on a multimillion dollar inheritance to get you out of it? What the fuck are you going to do when you find out that the terms of your dad's will establish trusts for all of the grandbabies (including mine who are not genetically related) but only give you access to very limited capital?

It's either the ultimate mark of respect or the ultimate liability that your dad has imposed on me. I guess he thinks I have broad shoulders.

Adora
07-06-2005, 11:40 AM
I don't get it. Who the hell is this "you" you're bitching about?

Ensign Steve
07-06-2005, 01:23 PM
Excellent rant, reprise! :clap:

But
07-06-2005, 01:48 PM
Excellent rant, reprise! :clap:

Seconded.

Just for the uninformed, who is "you"?

Godless Dave
07-06-2005, 02:33 PM
Reminds me of "The Beautiful and the Damned" by F. Scott Fitzgerald, about adult spoiled brats and a father's estate.

livius drusus
07-06-2005, 02:34 PM
Your 25 year old son has yuppie children with failed business hundreds of thousands of dollars in debt? Is your son's trust a part of a larger one involving other people or something? I seriously can't make heads or tails of the story. :confused:

I hope you come back and 'splain stuff, Lucy, because it's kind of a bummer when you swing by after months of silence, post something scary, and then leave us to our worry and confusion. :(

MooseIBe
07-06-2005, 02:46 PM
Yeah I am scoobied. What gives?

freemonkey
07-06-2005, 03:17 PM
The way I'm reading it is that the table-tennis pro is her father-in-law, and "you" are his spoiled, spiteful children, waiting for their handouts. Because reprise looked into getting her son his money, she found out that her signature is required to release their inheritances, and that they won't be getting as much as they anticipate.

It was a fine rant.

godfry n. glad
07-06-2005, 04:09 PM
I think it's a "grasshopper and the ants" and "don't count your chickens 'til they're hatched" combined morality tale.

Sauron
07-06-2005, 05:29 PM
Yeah, but the way the story is told makes the narration hard to follow. Too many different unknown players and the relationships between them aren't clear.

Shake
07-06-2005, 07:37 PM
I'd have to agree that freemonkey's take seems about right, but yeah, it was rather confusing to follow.

Dingfod
07-06-2005, 07:40 PM
Are those Australian Dollars or American?

pescifish
07-06-2005, 08:57 PM
It's good to hear from you again, reprise. I have always been concerned about the oblique (or not so oblique, yet not fully explained) references to scary-BIG things going on in your life. And breathe a sigh of relief when you finally post again.

I hope this is one of the satisfying situations, if nothing else!

...and while I kinda figured who the "you" is, I am more unsure of the :piggy: (in this case, you?)

reprise
08-15-2005, 06:30 AM
Sorry. I didn't make it clear at all. My ex - who died of AIDS - was my son's father. As I am the only person who ever looked after either of them without asking for as dime - and in particular because I asked the grandparents (grandmother was still living at the time) to delay them signing over $10,000 worth of shares to my son when he reached 18 (they still haven't been signed over because I keep saying "no"), I've now been asked to be trustee for ALL of the kids and the grandbabies.

Quite rightly, my FiL knows that I will not spend a fucking cent of his grandchildren's money. And that is one HUGE compliment that he wants me to be trustee. But from my POV, I don't need this crap. That's the kind of crap for which you pay lawyers and accountants.

I feel guilty for saying "no". I understand all of the reasons why he wants ME to be the trustee, but I don't want a part of post-mortem revenge. Not even for a 10 per cent of the estate.

And now that I have worked through the thought process, I'm still happy with my decision to forgo the management of "all those assets".

seebs
08-15-2005, 08:53 AM
I think it makes sense now.

What a weird circumstance.