HOME | FUNNY ARTICLES | TOP NEWS REPORTS | SUBMIT
|
Dec. 2, 2009 I am an untrained person, in economics and finance, I am simply a beneficiary of a trust fund at Northern Trust Company. It is a fifty fifty distribution trust, very common, shared with my brother, and left to us by our folks, when they died. This is very important for anyone who may inherit a trust fund. Never sign a waiver of the final accounting. This is my non professional opinion, of course, but it is essential to use common sense. Never give up any rights to all the information that you can have about all the knowlege of your own finances. If you have a trust that is similarly divided into two equal shares, then, make sure that you don't wind up in the same predicament that is happening to me.
Called, illegal conversion of the client's funds, what the Northern Trust Company is doing to my trust and other people like me, since this is policy that is practiced on a widespread basis, is to take the value of, for example, the condominium that was given to my brother, and instead of the fifty fifty being carried out as two equal shares, the Northern Trust Company, illegally invests this value that is removed from the one beneficiary, who in this example, my brother's investments side, to equal the fifty fifty and put to my side. Only , instead of putting the value in the hands of the beneficiary, as the contract and the law calls for, the Northern Trust Company, uses this money to invest in their own stock, like the equirty security funds, caps, and their daily money market funds. The attitude of the trust company is, as if they are too big and powerful to even concern themselves, and they advise clients to take them to court if the client is not happy. Transfers mean that unresolved issues are not the responsibility of the successor, so there it is, a beneficiary, stuck and cheated.
|
||||||
|
|
|||||||
|
