A Man Won Millions in A Lottery Win and Set up An Emergency Trust for His Extended Family, when His Cousin Tried to Take Advantage to Purchase a $75,000 Truck, He Cut Him Off

The man set up a trust fund for his extended family after he won the lottery, but his cousin tried to take advantage. When he cut his cousin off, he was criticized on social media so he withdrew his cousin from the fund completely – was he in the wrong?

The Man Won the Lottery

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He explained, “Two years ago, I won a considerable sum in the lottery. Not a scratch off, the real lottery, to the tune of many millions of dollars. My state does not allow anonymity, and I have many relatives who are less than financially responsible.”

He Set Up a Trust Fund for Extended Family

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He knew that he would spend the rest of his life being badgered by his extended family, so he set up a trust with a good sum of money for them. He clarified, “How it works is if my family has an emergency, they call the trustee and ask for funds, and they assess the need and give them the money if it meets the terms set in the trust.”

The Trust is to be Used for Emergencies

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Family members have used the fund for necessities like food or help with mortgage payments and school. “It’s to be used in situations like someone being behind in bills, medical debt, unexpected car repairs, etc. it’s to help them get through tough times or major life events, not for vacations or luxury purchases.”

His Cousin Wanted a Truck

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Six months ago, one of his cousins applied for $75,000 from the trust fund for a new loaded pickup truck. He clarified, “He was denied, this was neither an emergency nor was it necessary as he had a perfectly fine vehicle.”

They Gave Him $5000 for a Down Payment

Manually operating a motor vehicle in a city
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The trustee instead, offered the cousin $5000 to help with the down payment and taxes. The cousin accepted and bought the new truck.

The Cousin Was Under Suspicion

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Recently, the trustee informed the man that his cousin had never made his own payment for the truck. He added, “He waits 2 months until he’s behind, and then applies for help. The first two times, they gave him the benefit of the doubt, but now that it’s happened a 3rd, they’re rightfully suspicious.” 

He Denied His Cousin Money for the Truck

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The man told the trustee to tell the cousin that he could no longer get assistance for the truck payments. He clarified, “We would help, within reason, get him a much cheaper vehicle that he could afford.”

The Cousin Posted on Social Media

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The man later received a screenshot from the cousin’s sister of a social media post that the cousin had made, calling the man selfish. He added, “He can’t wait until I die so he can inherit millions (not sure why he thinks that, most of the money will go to my parents and then the trust, along with a few charities) and dance on my grave.”

He Revoked His Cousin’s Trust Fund Access

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The man explained, “I have decided to revoke his access to the trust completely. I don’t feel comfortable subsidizing the lifestyle of someone who is actively hoping for my death.” The sister now feels bad, his cousin is fuming as well as his aunt.  

He Later Clarified the Situation

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“I know it’s hard to understand why I even set up the trust to begin with, but I grew up an only child, so I’ve been extremely close with my cousins and consider their children my nieces/nephews and them to be the closest thing I’ve had to brothers and sisters, so I don’t want to see them struggle in life.”

Was He in the Wrong?

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Was he wrong to cut off his cousin? Should he have handled the situation differently?

He Turned to the Internet for Advice

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Most commenters supported him. One person asked, “Do the rest of the family not realize that abusing the trust means there’s less for them when they really need it? Tell Auntie if he takes everything he wants, someday she won’t get something she needs.”

Another User Commented

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“They probably think it’s such an unfathomable amount of money that it can never be spent down to zero. And that, everybody, is why so many lottery winners go broke.”

Someone Shared Their Perspective

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“It is your money, and while the trust was mainly done to avoid their badgering, it was still a generous act as they never had any right to the money to begin with. You allowed them access for emergencies and he tried to take advantage of it and you, and even then he still would have been allowed to use it if he didn’t go on social media and post hate.”

A User Gave Advice

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“It might be very smart to send out a memo to everyone included in the trust. “There are limited funds in this account, and once the account is empty that is IT. Asking for excessive funds and benefits harms all beneficiaries.”

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