Silent Trust Fund Recipient. I had no idea.
My grandparents passed some 15 years ago. I just found out the other day about a triggering event in a silent trust my grandparents set up for the grandchildren. I can only confirm my sibling and I received it because we speak, not bc anyone told us. I cannot be sure about my cousins. when my aunt passed we were to inherent money. My Aunt passed almost 2 years ago. My grandparents did this to protect us from my aunt begging us. they told nobody. Gparents were well off but lived modestly. I had no hint of this occurring!! When they passed, I thought their money had been distributed in the will amongst their children (mom, unc, aunt). My mom is still alive and she did not even know about this event. I was on the phone with her when I read the letter from the trustee! The same trustee that manages my mom’s trust financials. My grandparents never told my mom (aunt’s sister) they did this. Now that I know this trust has silent properties to it, could there be more silent triggering events they do not have to disclose to me or the other beneficiaries of the event, if it hasn’t happened yet? I looked up the state, Ohio, and they allow completely silent trusts.
Beyond grateful. It was absolutely insane to find this out when the trustee contacted me. To know my grandparents were looking out for us and hiding this beautiful secret is truly amazing. The funny thing is my mom would always say that my grandparents didn’t want our aunt coming back around and bothering everyone for money. It appears they went to great lengths to ensure this didn’t happen and to make their financials private. I’m blown away. This is stuff that happens in movies. I’m not the best at writing out my thoughts, so I hope this makes sense.