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Suspicious of step family

Discussion in 'Commercial Transactions & Investments' started by Wdmar5, Mar 28, 2019.

  1. Mar 28, 2019 #1
    Wdmar5

    Wdmar5 Law Topic Starter New Member

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    My mother remarried about 40 years ago after my father passed away, they purchased a business with the insurance money and went on to do very well, me and my sister have been very suspicious that he has been secretly setting up our step siblings for years. My step father loaned one of my step sisters a large amount to buy 4 investment properties, I looked up the tax assessors documents and those properties are listed under a partnership with a lawyer who does estate planning, I know my step father is up to something but was hoping I could get some insight into exactly what.
     
    Wdmar5, Mar 28, 2019
    Wdmar5, Mar 28, 2019
    #1
  2. Mar 28, 2019 #2
    adjusterjack

    adjusterjack Super Moderator

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    Insight from who? Strangers on the internet who don't know anything about your step-father, his business affairs, or how much of them your mother approves of?
     
    adjusterjack, Mar 28, 2019
    adjusterjack, Mar 28, 2019
    #2
  3. Mar 28, 2019 #3
    zddoodah

    zddoodah Well-Known Member

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    I assume "he" refers to your stepfather, but I'm not sure what "setting up our step siblings" means.

    How could we possibly know? No one here has any information about this person who is completely unknown to us.
     
    zddoodah, Mar 28, 2019
    zddoodah, Mar 28, 2019
    #3
  4. Mar 28, 2019 #4
    Wdmar5

    Wdmar5 Law Topic Starter New Member

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    My question is why would someone put property in a
     
    Wdmar5, Mar 28, 2019
    Wdmar5, Mar 28, 2019
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  5. Mar 28, 2019 #5
    Wdmar5

    Wdmar5 Law Topic Starter New Member

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    Basically my question is what are some of the reasons property would be in a trust and some is not?
     
    Wdmar5, Mar 28, 2019
    Wdmar5, Mar 28, 2019
    #5
  6. Mar 29, 2019 #6
    army judge

    army judge Super Moderator

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    People use trusts to reduce excessive government theft, also known as TAXES.

    PEOPLE also use trusts to keep nosey people from discovering their financial affairs.

    Children have no inherent right to inherit anything from their parent(s).

    Whatever your mother does with her finances is NONE of your business.
     
    army judge, Mar 29, 2019
    army judge, Mar 29, 2019
    #6
  7. Mar 29, 2019 #7
    Disabled Vet

    Disabled Vet Well-Known Member

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    What did your mother and step father say? They are the ones that will answer your questions.
     
    Disabled Vet, Mar 29, 2019
    Disabled Vet, Mar 29, 2019
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  8. Mar 29, 2019 #8
    zddoodah

    zddoodah Well-Known Member

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    Damn, a cliffhanger!

    Probably the most common reasons why folks create trust is to avoid probate after they die.

    You can google "why do people create trusts" for more information.
     
    zddoodah, Mar 29, 2019
    zddoodah, Mar 29, 2019
    #8

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