Hi all, I'm not sure if this is the right place to post this question. Please let me know if not.
I recently found out my name is still on a joint savings account with my father that was opened while I was a child and that he has been putting money into the account for years. My father is not an honest person. He may be putting money into the account to hide it from his wife somehow or out of some sort of weird guilt because he spent the college fund my mom set up for me before I got to college, I really have no idea and I am seriously concerned. I don't know what financial consequences this might mean for me or if my name is involved with other accounts I don't know about.
I don't want anything to do with the money or this situation. I do want to have all financial ties with him totally severed with as little family drama as possible. If I talk to him about it I know he will lie to me and will probably try to stop me closing the account.
My plan is to call the bank without telling him and ask them to remove my name from the account. Can they do this without his permission? Is there any way I could owe taxes on this money? Is there a way for me to check if he has other accounts opened with my name? Are there other potential consequences to this situation I'm not thinking of? This is way out of my experience, I am very freaked out, and I have no idea what I am doing.
Submitted June 06, 2020 at 08:11PM by 123Throwaway000321 https://ift.tt/2UhWNPv
