<p>You need to figure out what you could sell the house for NOW. Perhaps a real estate agent could help you with this number. Then subtract the amount of the mortgage (so yes…the mortgage amount DOES matter). Whatever is left divide by the number of siblings who are beneficiaries of the trust. That would be your share.</p>
<p>BUT. With trusts, you would be very wise to know all of the provisions of this particular trust. the provisions of THIS trust could negate what I am saying to you. Was there a trust lawyer who handled this, or an estate lawyer who dealt with your mom’s estate?</p>
<p>In addition, who is paying the mortgage on this house…and the taxes and insurance? Is it rented?</p>