Father asks 25-year-old daughter and her two siblings to sign away their rights as beneficiaries to their grandfather's trust once he passes: ‘[He is] pressuring me’

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    woman and older man look at a legal document together
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    "Dad is asking me and my siblings to sign away our rights as beneficiaries to my grandpa’s trust. Need advice"

    Hi all, I'm 25F and my dad is 60M. My grandfather passed away in January and left a trust to my dad and his children (so, me, my dad, and my two siblings are all beneficiaries of the trust right now).
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    My dad is the trustee I believe because he's managing the assets. His residence is in Wisconsin and my residence is in New York City.
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    My dad is now pressuring me to sign a document along with my two siblings that says I will no longer be a beneficiary of the trust.
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    So basically the money will go to his personal trust/account (?) and I forgo the rights to sue him if I feel like he's mismanaging the assets.
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    He says that this will help him avoid paying steep taxes on the trust which come out of the trust money as he keeps the trust open for longer.
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    I need advice on what to do. My siblings have already signed the document to keep the peace, and he expects me to sign the document too without putting up a fight.
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    Meanwhile, I haven't even been given the opportunity to read the trust. While I love my dad and don't want to cause tension, I need advice from people who have gone through this.
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    What are the pros and cons? What do I need to consider about my long term future before I sign away my rights and access to the trust?
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    I'm mostly thinking about long term care for my parents. Will my dad want to spend all of the trust money on his long term end of life care?
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    Should I be worried about this or is that selfish? Another thing I'm worried about is that my mom wouldn't have access to the money.
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    last will and testament on white paper
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    They've been married for 25 years and she has been the caretaker of the children for the entire marriage and has very few assets. for herself besides what my dad has.
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    They don't have a prenup. My dad basically controls the financials for the entire family. I'd also like to keep the best interest of my mom in mind.
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    I truly appreciate any help or advice you can offer on this situation!! Feel free to give advice also on family dynamics and personal emotional experiences as I'm worried about what refusing to sign these papers might do for me and my dad's relationship Thank you!!!
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    EDIT: I would also appreciate any advice on further questions to ask him/things I need to get clarity on before signing the papers EDIT: the trust has a few million dollars.
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    Less than 5 I think if that gives more context EDIT: my grandfather passed away in Florida
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    giggity_giggity I think you should get some solid legal advice on this before signing anything. Generally speaking, I would expect a properly managed trust to not pay significantly higher (or even higher at all) taxes, if managed with taxes in mind. So it's possible that your dad is either getting bad advice himself or is trying to scam his kids. Those aren't the only two possibilities, but you won't know for sure until an attorney reviews the document and asset information. And I've seen more t
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    Scorp128 OP, DO NOT sign ANYTHING until you get your own lawyer to review the trust documents and advise you on the steps you should take.
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    GlobalTapeHead Your dad sounds way too controlling. Please have an attorney review anything before signing. As a beneficiary you have a right to review the trust documents as well.
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    ExtonGuy You would be giving away a million dollars? Maybe that's what you want to do, but please get informed advice from your own trust lawyer. By "informed", I mean a full copy of the trust terms and accounting of the assets. By "your lawyer", I mean not your dad's lawyer, not the trust's lawyer.
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    chefsoda_redux Just to be clear, your father is asking to sign away your rights as a beneficiary of the trust? You understand that means he would receive the trust in full, and you would be entirely excluded from any right to receive any monies from it, to receive information as to its value or holdings, or any access whatsoever? Your father would permanently own the entire trust, with no obligation to ever give any of you three a penny. His request appears to be for the three of you to simply g
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    cryssHappy The trust is there for a reason. Contact an estate lawyer for advice. My advice, never sign away your rights.

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