A widow is left in the dark about her in-laws’ trust

  • In-laws left a $585,000 trust, with sister-in-law as trustee
  • Sister-in-law is blocking communication and plans to move out of state
  • Husband, wife, and brother-in-law have supported sister-in-law but received no financial statements
  • Bank requires legal proof of sister-in-law’s unfitness before changing power of attorney
  • Recourse includes petitioning the court for an accounting and removal of sister-in-law as trustee

Nearly 10 years ago, a widow was made the trustee and power of attorney for her in-laws’ trust. However, she has since blocked communication and plans to move out of state, leaving her husband, sister-in-law, and brother-in-law in the dark about the trust’s finances. The bank requires legal proof of her unfitness before changing the power of attorney. Recourse includes petitioning the court for an accounting and removal of the sister-in-law as trustee.

Factuality Level: 7
Factuality Justification: The article provides some relevant information about the situation and offers some potential solutions. However, it also includes some unnecessary background information and details that are tangential to the main topic. The article does not contain any misleading information or propaganda, but it does include some personal perspective presented as if it were universally accepted truth. Overall, the article is moderately factual but could benefit from more focused and objective reporting.
Noise Level: 3
Noise Justification: The article provides a personal story and seeks advice on a specific situation. It does not provide a thoughtful analysis of long-term trends or antifragility. It does not hold powerful people accountable or explore consequences of decisions. It does not provide scientific rigor or intellectual honesty. It does not support its claims with evidence or provide actionable insights or solutions.
Financial Relevance: No
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article does not pertain to financial topics and does not describe any extreme events.
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Reported publicly: www.marketwatch.com