A 23-year-old woman had a complex family situation involving her 50-year-old father, who had 4 children (including herself) with 3 different women. Tensions rose when he wanted to sign almost all of his assets over to his new girlfriend in the event of his death.
The Trust Fund
After her parents’ divorce, her father started relationships with foreign women and initiated a trust fund to protect his assets from potential claims in case of serious relationships.
Relationship with Rose
For the past 5 years, her father had been in a relationship with a 32-year-old woman called Rose, with whom he had a child.
Splashing Out
During this time, the woman believed her father was being used by Rose. “Since being together my dad has been Rose’s sugar daddy – expensive trips, designer clothes, he sends money for Rose’s family back home to pay their rent & living costs”, she explained.
New Trust Fund Documents
Recently, the father asked his daughter to sign new trust fund documents. After reviewing them, she discovered that these documents would grant Rose significant assets and financial control in the event of her father’s death.
Rose Will Get Almost Everything
The woman listed the proposal: “Rose will get the houses. Rose will get 70% of each business. Rose will get all the cars and the boat. Rose will get 60% of the money and the rest will be divided among the children.”
Refusal to Sign
The woman refused to sign the new trust fund documents, considering them unjust and unreasonable. She believed that accepting Rose into the family should not require such an agreement and viewed it as gold-digging behavior.
Conflict With Rose
Rose insisted that the woman’s signature was necessary for her acceptance into the family and threatened to have her removed from the agreement if she didn’t comply.
Not Accepting it
The woman was not swayed by these tactics. She wasn’t concerned by her potential exclusion from the trust fund, as she believed that her siblings would not agree to the proposed changes.
Motivation and Family Loyalty
The woman emphasized that her concern was not about the money but about looking out for her father’s interests. She highlighted her father’s independent efforts in building his businesses and believed that Rose had not contributed to them.
Inkling of Doubt
The woman clarified that she was not seeking legal advice and that her family had a family lawyer managing the situation. She remained committed to protecting her father’s legacy and assets as she saw fit. However, she did question whether she was stepping out of line, as this was her father’s money, and not hers.
Warnings From the Web
The woman posted about the situation on an online forum, and received words of warning from many readers: “Stick to your guns”, one person encouraged. “She could get divorced from your dad and take everything if that trust and his companies are signed over.”
Explain to Dad
Another person proposed that perhaps the father was not aware of the potential implications of this document. “Try and speak to your dad privately, tell him the trust fund was put in place for reasons like this”, another person suggested. “If she were truly there for love then she wouldn’t mind the fund staying as is and wouldn’t be harassing you.”
Make a Statement in Writing
Other readers emphasized the importance of the woman making her stance clear in writing. “Send a formal document saying you will not accept any changes to include Rose as she has done nothing to contribute to your father’s fortune or businesses”, one person wrote.
Thankfully, the woman responded: “I have a meeting with the family lawyer tomorrow.”
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