Is There Any Way To Stop Collection Of Trust Fund Inheritance, Or At Least Delay It?
Location: Georgia and Maryland
Context:
This is not for me, but for a close family friend. To summarize, this family friend’s sister and mother died. His nephew has a trust fund set up by the state of Georgia. The nephew’s dad is not in the picture. The family friend lives in Maryland, and lives in a house in his mother’s name in Maryland.
His mother didn’t have a will so, now that she’s dead, according to both states, the house has to get financially divided into three. His brother fully is okay with not getting a share, but since his sister is dead, the third of her inheritance is to go to her child, family friend’s nephew.
NOW, here’s the issue. The trust fund lawyer just began to try getting the nephew’s share of the house. As of writing this, they’re going to talk to the lawyer’s mortgage person and loan officer tomorrow. The quote from the lawyer is “I don’t care how you get it, the lottery, second mortgage, crippling debt, but you gotta give us our money.” Family friend does not have that share. He’s still dealing with his deceased sister’s debt from dealing with some real awful stuff before she died. As well as a series of unfortunate events after the funeral. He will likely have to sell the house or sink himself into debt.
The question: Is there any way to either stop or delay this collection? Is there anything, ANYTHING AT ALL that we can do other than ruin this guy financially?
I’m just trying to help give him options because what this friend went through was devastating. I’m not going to go into details at the risk of giving away any more identifying info but just know, the context is deeper than simply two relatives dying. It just sucks because even after their deaths, this friend seems like he is getting punished and having his house swooped up by lawyers like vultures on a carcass.
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