Private school is not cheap. Ted'sWife suggests, in her spreadsheet, that she and Ted would welcome a reimbursement of $156K.
Wouldn't. We. All?
I would love to be reimbursed for anything.
As Sam, Primo's best friend and also a lawyer, and as Sly's lawyer have advised, the purpose of the trust is not to reimburse for past expenses.
The exception is would be helping the grandkids pay their student loans, as giving them money now reduces their current expenses.
Primo wrote to Sly's lawyer,
As (I think) you and I have discussed, I do plan to make some of the trust assets available to repay student loans for my nephew Michael and niece Maria, but those are actual debts that they owe and such payments would directly benefit them, not their parents. In this case, Ted and Ted'sWife simply want reimbursement for educational expenses that they have paid in the past. I might view this differently if they had taken out loans and had bills to pay for those expenses, but I think they are just trying to get their hands on the money.
Primo (and I, although my opinion on this is not relevant, as I am neither a trustee nor a lawyer - however, I am an English major and am pretty good at reading between the lines to discern why someone is really doing what he is doing - that is all English majors do is read lines and figure out what is going on behind them - and the lines that Ted is giving are clearly revealing that all he wants to do is to get his hands on that cash) would be more inclined to consider Ted's request if Ted were funding something current for his son and if Ted has not already shown himself to be such a greedy pig.
Have any of you told anyone the story about Ted wanting to be reimbursed more than twice the ticket price for his frequent flier miles TO ATTEND HIS OWN FATHER'S funeral?
I have yet to find someone who is not completely appalled by that.