I have a sizeable supplemental needs trust with some baggage attached due to ugly family drama. Unfortunately due to the nature of a supplimental needs trust I can't really spend it on anything that would improve my life, only luxuries I have no real hunger for. I decided I want to invest it in a friend, who has his shit together a little better than I do and has talked about being a blacksmith.Makes sense to me... I have a bunch of money I don't want which is the most first world problem ever, He has an interest he doesn't have the money to pursue, so he could follow his dreams and I could have a business embracing my rich moron heritage in a way that makes me happy. So I challenge him to make a business plan, run it by some consultants or something and bam, capitalism.The trustee said no... that wouldn't count as a safe investment. I understand where she's coming from and she's done a good job investing, but A: I don't care if I lose money and B: I don't like having some woman deciding what's best for me. I only signed the contract because it was that or my estranged parents and I was chew your leg off to escape a bear trap desperate.So what are my options here? I'm fantasizing about committing white collar crime on myself but that's probably a bad idea.
They have fiduciary responsibility. You not caring about losing the money doesn't mean it's in your best interest just because you want to do it.3 main ones1) suck it up and do something else2) convince the trustee this is a good idea (may be possible, may not be)3) legally challenge the trustee (basically never works in court, there's a good reason you have a trustee)Also, neither judges nor juries look very kindly upon trust fund babies with legal complaints which really amount to "waaaaaah but i want to do what i want!". just saying.
>>61654030"neither judges nor juries look very kindly upon trust fund babies"I was never given a choice in the matter, chum. It's one of the reasons this is so frustrating.
