Toxic Debt!

ok. maybe you can answer. so if there is 75000 in a trust, is it in any danger? it is in a locked trust. it gained 3000 last year. only maybe 20% i being played on the market, via the order by judge when i transferred it. i didnt know this til afterwards about that. but 20% of 75000 is not chump change, and it is for my children. so what is your advice?

Scooby, let me talk to my boss.

thank you. i appreciate it.

i got it now wingsy. 65,000 is in insured cd's. at 5.4%.
money market account is 9,800.
insured or covered? will they take it out once it starts to lose money? i just called them, and this was the quote. and she needed to research to see if she can pull it out, add 200 and get a 10,000 dollar cd.
thanks for any kind of information. i do not like thme playing with A DIME of thier future.

The boss says that if it's in a bank account, it should be fine, since FDIC insures accounts up to $100,000. If there's an order by a judge, it may be harder to pull that amount from stocks, but if you have a financial advisor, give them a call and see what they can do.

The boss said that even if you were to lose it and get it back through FDIC, it likely wouldn't be immediate, but you'd still get it back.

I hope that answers your question. We haven't worked with any trusts that require any portion to be invested in stocks. A lot of the trusts that we set up include land and tangible personal property.

they also have a home in their name. to sell when the reach of age with equal distribution. i bought it, paid for. i just pay the taxes, and am now making improvements so it is worth more when they do sell. hell, i may buy it from them!

Christ on a bike.. 100K... its ?35k in the UK..

Fabulous! Property trusts....we like




I can't control FDIC