Is there a frontiers bank and trust?

Is it legal for a bank to threaten to close a Trust account if the money in the trust is not diversified?

• My mother has a Trust at one of the major banks consisting of stocks and cash to go to me and my family when she passes away. Well all of a sudden they are threatening to close the trust account if money is not diversified in other words they want her to sell off some of her good stocks to buy some nonsense they have come up with or they will be forced to close the Trust account which she has been paying into for years. Is this legal they are threatening to go to court to try to close the trust account. They sent her some information on where to invest the money what should she do? Guess what some of the suggestions are to buy bonds into this bank. If she takes the money out of the trust then when she passes away we will have to pay taxes on the inheritance and she looses all the money she pd into the bank to maintain the trust. Is this legal what they are trying to do?

• Answer:

  No mom just needs to set up a new trust account some where else. The new place be it a bank or a brokerage such as Fidelity will handle closing the old trust and moving the assets. No taxes incurred.