My grandfather was just notified that the beneficiaries on the other side of the family have gotten together went to his lawyer and froze him out of the account, Can this be done since he is the grantor and the trustee. does he just need to revoke the trust at this point. And can this type of stress which sent him to the doctor with chest pains be deem an attack on his health. his wife passed a few years ago and her kids are not happy with the way he has been spending the money(a new girlfriend)they think he is wasting money. I told him to revoke it and teach them you is in control. All they want is the money. I told him to spend it all and have fun, after all its his money now. So any advice on why or how they could lock it up. My thought is they are trying to get him labeled incompetent
He told me that it was a revocable trust but im not privy to the particulars in living trust. I will get with him to change lawyers and get it taken care of.
It is not clear from your facts whether the trust is revocable based on the other persons conduct. However, if it is revocable he would normally have the power to terminate the trust. He needs to get with an estates attorney TODAY to see what his legal options may be and to also amend his will, trust and other estate planning documents. Help him NOW; do this TODAY.
Hope this helps.
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There is not enough information in your question to adequately answer and this would not be the forum to analyze the trustee's duties under the specific terms of the trust. However, it is clear that your grandfather should seek legal representation immediately.
If he is trustee, he has certain responsibilities under the trust and he should have guidance in what those duties are. If he violates those duties, he can be sued and surcharged. Certainly if other beneficiaries are moving against him in a legal manner, your grandfather needs legal assistance to determine what his options and potential liabilities are.