Primo: In January...I agreed to provide reimbursement from the trust...as a favor to you and... I explained at the time that I will need to liquidate some trust assets in order to disburse such a large amount of cash and that I'd be working on dividing the trust into four separate accounts for the grandchildren.
Ted: Actually, Primo, “no” on favor and “no" on spreadsheet. Above is the data you provided several months ago, with the outstanding balance of [more than Primo said].
Primo: I wrote optimistically in an email during our January conversations that "I should be able to do that within the next couple of months," but at this point I have not yet divided the trust. I've been winding down some of the other estate matters ... and have begun the process of closing the estate administration. I've also been spending some time on politics... and trying to enjoy life a bit after the debacle that was 2015 (with the trips to Hawaii and California, for example).
Ted: Great that you have wound down estate matters, volunteered, and traveled to Hawaii and California. Way to go!*
Primo: It is not my goal to postpone further work on trust-related matters for very long, but the timetable is running behind my carelessly optimistic estimate of a "couple of months."
Ted: Your fiduciary duty,** like that of any trustee, is to dispatch with matters of the estate in a timely manner. Stop diddling! (A great Doris word!) I’m only “expecting or hoping” that you exercise your fiduciary duty. TedsWife's mother’s estate has been fully allocated. Larger balance, shorter time.
Primo: For the next eight days, I will be focused primarily on finishing our taxes and on volunteering for the ... campaigns. After April 5, I will have more time to work on the trust-related issues.
Primo: Regarding your request that I replace X as TedsSon's second trustee, I'm not in a good position to think about that now. ....Perhaps we can revisit this issue in the future, but at this point I can't agree to take on any additional responsibility that might last beyond the lifetime of the existing trust and its successor trusts.
Ted: We hereby rescind the offer. No worries.
* I read this as completely sarcastic. Do you?
** Screw. Him. Primo's fiduciary responsibility is to TedsSon, not to Ted, and TedsSon is not in immediate need of funds.
*** Taxes get a lot more complicated when there is actual income involved. As Ted has not worked for a paycheck for Lord knows how many years, I don't think his taxes can be that complicated.