Tldr: Mom made a savings account before divorce, I'm now 18. Due to divorce and bad decision making, she wants to reclaim the money that's legally mine.
Better Tldr by /u/ColonialChicken: "I have a personal savings account that my parents (now divorced) started for me when I was an infant. The account now has grown to 70K, and I want to use it for school. However, my home environment isn't great, and my mother keeps pressuring me to give her a large portion of that money. What legal avenues are open to me to protect the money, and ensure that I have access to it when I need it? Am I legally obliged to give my mother any of the money since she originally contributed to the account?"
My mother and father made a savings account when I was really young and accrued over 70k in it so I could use it for college.
However they get divorced a long time ago, maybe when I was 10 or so (I'm 18 now). My father has been trying his hardest to make ends meet with financial support for 2 families now, added to the stress of leading his own business. Although I'm technically an adult now, he still wants to help support me through college.
My mother hasn't tried to get a job, because it would ruin her daily routine, consisting of staying up well after 5am watching motivational speakers on Youtube, claiming that she's improving her mind. Then sleeping half a day during daylight. She did however end up making things somehow worse, joining an MLM (Market America/SHOP.com) and is wholeheartedly convinced that the company is better than Amazon. She hasn't spent too much on it yet, but every time either me, my sister, or any of our sane family tell her she's not in a legitimate business, she just says the same thing, "Go to BBB.com and look up shop.com it has an A+ rating and Amazon only has B+". I've tried logic, doesn't work on her. I'm not a nonprofit business bureau, so to her I'm basically an idiot.
Anyways she's no longer getting the help from my dad, I was basically her money funnel from him to her. So now she wants my tuition money. She makes a compelling argument, saying it was her money to begin with. That it was before the divorce that she put it in. So technically its all her money, just under my name.
Now it's not all bad, I appreciate my mom for a lot of things, because when I was into sports, she would make sure no matter what I'd get to practice on time and that she'd pay for all the lessons, and yes she does care for me. I would honestly love to help her out if it was my choice to do so.
The problem was the way she just demanded it from me.
Now I don't want to sound like an ungrateful spoiled idiot kid, but I really have my suspicions about my mom. I know she cares for me and my sister, but her reasons are what bother me. She wanted fame and fortune, constantly talks of her dreams of being a famous singer. She wanted me and my sister to have her dream. She spent countless amounts of time and money on my sister in a dance studio and got her 1st in a national solo dance contest once, and many other times with group. But now my sister's in college majoring in business and foreign language. Yet my mother still insists she becomes a movie star to become rich and famous. In fact she's already believed it's going to happen, which is why she refuses to work for her own money, she believes her work was already done in raising us to be famous.
Now there's realistically no way either of us get famous and my mother's living a delusion at this point. Countless people on every branch of our family have tried to tell her she needs to fix her bad habits. Every time it's the same response, either "wait till my daughter gets famous" or "wait till I get my business gets rolling."
Then does the adult version of covering her ears and yelling lalalala, basically repeating 'I don't want to listen to your nonsense' over and over again.
So the part about my savings. I don't necessarily feel entitled to it, however I believe I hold more potential for turning it into more money. Obviously my mom is entitled to much of it and I'd give her a lot, but her taking all of it just doesn't seem like a good idea. The big issue now is conveying the message to her. Any talk of keeping the money she'll see as a threat of treason or something. I'm also unsure how it would work legally if I refused to give her as much as she wanted, and certainly wouldn't want to get in a court case against my own mom.
Anyways sorry for the long story, I definitely spent more time describing my mom than describing the issue and I apologize, but any help would be appreciated.
Submitted October 03, 2017 at 02:37AM by ilikebutteryfries http://ift.tt/2xUz5hh
