- Report: #693100
Report - Rebuttal - Arbitrate
Complaint Review: First American Trust
First American Trust4380 La Jolla Village Drive Suite 200 San Diego, Santa Ana, Glendale, San Bernardino, California United States of America
First American Trust First American Title Insurance Company Investment Trust 3 years of loss, Taking advantage by draining trust account with excessive investment fees after fathers death San Diego, Santa Ana, Glendale, San Bernardino, California
*Consumer Suggestion: I know the problem
*Author of original report: agreement reached
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The fee's they have been charging my account out weigh the income my account generates. A few years back I asked the company not to invest the money in order to avoid the fee's so my account wouldn't keep declining, the response from them was that I had no authority/control over how my account is invested.
I also informed First Am of California Probate Code Section 15408 and the section of the trust that gives them the power to terminate the trust. But they are to greedy to let my account go. My father trusted this company to make his money grow after he died but in the end they are taking more then my account can afford to give.
This report was posted on Ripoff Report on 02/09/2011 01:50 PM and is a permanent record located here: http://www.ripoffreport.com/r/First-American-Trust/San-Diego-Santa-Ana-Glendale-San-Bernardino-California-92122/First-American-Trust-First-American-Title-Insurance-Company-Investment-Trust-3-years-of-lo-693100. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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