What to do if my sister and I are co-trustees on my parents’ living trust amd I just discovered that my sister has tapped out the balance of the trust?

What to do if my sister and I are co-trustees on my parents’ living trust amd I just discovered that my sister has tapped out the balance of the trust?

She used the funds for personal spending. What kind of trouble is she in and what can I do to be sure she pays back the half of the funds that should be remaining that would be my inheritance? Dad died 5 years ago; mom was in an Alzheimer’s facility until she died last Saturday.

Asked on November 10, 2012 under Estate Planning, California

Answers:

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