my dad put 1000000 into an inheritance. I am the heir. He leaves my with 5000.00monthly. Can I sue to have these amounts changed.John

What do you want? Less? Taking sixty thousand a year from a million will leave you with nothing at some point. Go to a nearby Fidelity Investment Center and ask them to run the numbers for you. The calculation involves estimating how much the million will earn after taxes, and subtracting the sixty thousand each year. At this point in time ( December 2009) a conservative investor might believe he can make 5-7% a year on his investment. 5% of a million is 50,000; so you can see that you would be depleting the inheritance by $10,000 each year if you take the $60,000. A lot depends on your present age...If you are 70 years old you could take a lot more because your life expetancy is around 17 years. But if you are 20 years old, then you should take much less. Your life expectancy is about 65 more years.

Go to Fidelity. They are very honest, and will give you the straight talk that you need. And they will do accurate calculations for you.

Yes, you can sue the trustees can take more out if you win--but this would really be stupid. The lawyers and trustees would be the ones who make the money.

First, your question is flawed. If you inherited a million dollars, then you would receive the whole million at once. The reality is that you did not inherit anything, but your father put a million dollars in a trust for your benefit.

Second, the trustee has a duty to administer the trust in accordance with your father’s instructions. If you father instructed the trustees to pay $5k per month, then you are not entitled to anymore. Moreover, if you sue the trust, the trust will use trust assets (i.e. the million dollars) to defend itself.

completely agree with stronghart. could do it, but would be counter productive.

Definitely not. You'll waste money. The lawyers will get lots of YOUR money, you'll shrink your inheritance.

Take less,not more unless you are very old. A million won't last very long.

I'm sorry i can't be more helpful. Good luck with working this issue out. I am so sympathetic to you!

Why would you want more than that, it will be gone after 16 years? If it's a trust fund that he set up, you can't change it.