Hey everyone. I'm 17, and three months ago, my grandfather on my father's side died and left me his life savings and his home in another state. I was his only relative alive. My father died two years ago in a car accident.
Since my grandad's lawyer gave us the news, the only subject discussed in our home was how lucky I was and how I should administer my inheritance. At first, I didn't really listen to all this since the lawyer told me I'd have to wait a few months until I got the money.
But a month ago, my stepdad approached me and started talking about the mortgage payments and the credit card debts and how nice of me it would be to help them out and share my inheritance with my family. I didn't like the conversation at all, and when I said that I'd prefer to spend it investing in stocks and getting a college degree, he didn't look happy.
The discussion seemed odd because my stepdad owns a repair shop and always brags about his income before friends. Mom is an assistant accountant. I'm not saying there couldn't be any financial troubles, but strangely I didn't hear them talking about money problems until now. Also, the spending on me and my brother hasn't changed, and my mom changed her car a couple of months back. But since the discussion didn't repeat, I put it out of my mind.
Only yesterday, when I tried asking mom's advice about CDs, stocks, index funds, brokers and other investing stuff I read about on Investor Junkie, she acted like I was a foolish child. She shut me up and said I shouldn't worry about it since she'll take care of it.
All this fuss around my inheritance makes me nervous, and I'd like to know if my parents can spend my money until I'm 18. I wouldn't want to wake up in a year and learn that all my money is gone. I'd really appreciate your assistance here. Thanks.
Submitted September 23, 2022 at 06:41AM by evensmoke833 https://ift.tt/a0z1wGZ
