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#1 (permalink) |
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*slotting*
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Parents and Money (need advice)
When I was 4 years old, I was in serious motorcycle accident and my parents went through the court suing the hostipal and a woman who was the fault and got the money, but that money have been sitting at the courthouse on the interest. The courthouse was holding that money for me till I became 18.
I didn't know that I have that money till I was 15 years old, I got a mail and read it, but I have no idea what it was talking about so I throw it on the floor. My mom went in my room to pick up the clothes to wash, but she found the mail on the floor, she thought I knew about the money so my parents worried about what I will do with the money so they approached to me, trying to talking to me about the money, they kept mention to the money, etc etc, but I have completely no idea what my parents was talking about so I asked them what's going on?? My parents explained to me clearly about what the mail was saying, I was shocked that I actually have that kind of money, but my parents told me that I can't have that money till I become 18 so I patiently wait. Since I knew that I have that money, I was dreaming about having a home with that money, just on my own home. Thus later when I became 18, which are about the same time I graduated, my parents and I went to the courthouse to take the money. I can't have that money in my bank account because of SSI, if I have it in my bank account, the SSI will cut off so I have to allow my parents have it in their account, but I didn't realize that I should have never trust my parents. Anyway, after I graduated from the high school, which are 3 years ago, I decide to buy a mobile home on the park and save most of the money in the CD interest rate, which my parents disagree with me and they refuse to accept what I want so we kept arguing, they was kept telling me that I should buy a land instead or otherwise I will lose all of the money, I have been explaining to them many times that I will not lose all of the money, I am going to save most of the money on the interest and only use some for the mobile home at the park, but they kept refuse so I fed up with them and just look for the land. I tried to look for the land in Vancouver, Washington but they are too expensive which make me frustrated so I decide to look for the land in Salem, Oregon because the lands are more affordable there and found a house in Salem, Oregon. I bought a house in Salem, Oregon, but I don't really feel Salem, Oregon was for me and I only live there for 6 months and moved back to my parent's house, I also sold that house and let my parents hold the money again. I have been staying in my parent's house for one year, fighting for my money's sake. I have been almost buying a mobile home on the park, but my parents kept making me drop it off and trying to twisting my dream to buy a land or condos, it make me mad so much because I know that money is mine and it should be my own choice, not my parents, but later I fed up again due too much arguements, nearly broke the relationship with parents, also doesn't get really along with my cousin who was living with us. So I bought 30 percent of a land with my parents buying 70 percent of the same land which has the mobile home on. My roommate, my brother, and I moved in that mobile home on the land, my parents and I was planning to invest to build 4 to 8 condos on the land, but my parents kept failing to be qualify for the loan to build the condos and I have been stuck living on this land for a year now. I don't think my parents would ever get the loan for building the condos, and my parents offered me if they can buy my part out, which they did 2 times and I did accepted with the offer, but they drop it out and making me change my mind to stay on this land and waiting for them to get the loan, but they never got one and was too busy on their business traveling. Right now they offer me again to buy my part out, which I haven't decline or accept the offer recently. But I don't want to talk with them buying my part out because I feel like it will go the same thing as before, I just don't want to go to the same cycle. My brother kept telling me to just forget about the money and work on other money that I can get without being through with parents, and save the money for moving out. I thought his idea was a better idea, but I am not sure if I can do it because it's hard for me to let the money go with looking at my crippled fingers from the accident everyday.. I am thinking about save the money for awhile till I can afford to move to Las Vegas.. Anyway, I am curious what do you think? Should I wait till my parents get qualify for the loan? Or just keep fighting for my money the same old times? Maybe just forget about the money, leave it to parents and move? Remember, it have been 3 years since I have been fighting for this money with my parents...
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#4 (permalink) |
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Wacky Oddball
![]() Join Date: Apr 2003
Location: Moon
Posts: 3,095
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It sounds like your parents are using you for money. You should have put $$ into your bank account and leave it there. I understand you have SSI, but you find a way to put your money into your own account somehow. Your parents can't touch your money at all.
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#5 (permalink) |
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Neigh!!! Neigh!!!
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wow an acre of land it not gotta help to build a condo cuz I do own a acre of land and that is good enough for a hugs house on it or medium size with huge pool.
I am sorry that you are going thur this and I can understand that you cant have money in the bank. But my wondering do you know how much did you get and how much did they use that money without your knowledge. Maybe they cant get a loan cuz they use all the money on something else. How else the loan turn down if they dont have the money in the bank. Ever thought about that? You can try to get a lawyer and settle this mess. Good luck to you and your brother advise sound good but knowing that money does belong to you not your parent. sound to me that they are greeding with the money. |
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#7 (permalink) | ||||
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*slotting*
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I agree with you, my parents shouldn't touch or control my money.. Quote:
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Sent you one ![]()
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#8 (permalink) |
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Registered User
Join Date: Jun 2006
Posts: 14,293
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The money is yours and your parents have no right to control how you use it. There are ways to prove that the money is yours. The bank will have a paper trail back to the origninal deposit that can prove that it was a disbursement held in trust for you until you were 18, and that the disbursement was deposited in your parent's account.
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#9 (permalink) | |
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*slotting*
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#11 (permalink) | |
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*slotting*
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Yes all of the money is in the land.
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#12 (permalink) |
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bloody phreak from hell
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Have you sought legal advice from anyone like a lawyer or something?
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#14 (permalink) | |
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bloody phreak from hell
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What I mean is for you to find someone who knows or has a familiar background on the legal issues behind your story. Do your parents have a right to withhold money from you? Was that money truly meant to be given to you? Since you couldn't touch it until you were 18, it sounds like it was supposed to be your money. Since you gave it to your parents because of SSI issues, that could be a problem... like you're "hiding" from the law? If what your parents are doing is really illegal, then you could press charges. However, don't forget that if this does go to court... there will be legal fees. So, you may get less than 100% of what you really owe. Unless, you also increase the amount your parents owe you based on the financial hardships and mental anguish that they have put you through. Then that extra money could cover your court fees and more. ![]()
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#15 (permalink) | ||||
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*slotting*
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And thank to everyone who posted here trying to give me the advices too It does help me to think different ways to solve this problem! I will take some of time thinking about how to solve the problem.
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#16 (permalink) |
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Hiiiiiii it's meeeeee
![]() Join Date: Jan 2004
Location: Germany
Posts: 24,152
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wow! I am speechless what and how your parents did to you. I am very sorry...
![]() I saw the problem is "illegal" over SSI you and your parents made to hide from law. I would advise you to check with lawyer for advice first (not sue your parents yet) but just legal advice before you make a decision what you can do. You should tell lawyer everything what you told us here. |
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#17 (permalink) | |
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*slotting*
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__________________
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#20 (permalink) |
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Cruisin'
Join Date: Aug 2005
Location: Cruisin' at 180 mph
Posts: 1,208
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Lawyer up, or threaten your parents that you will lawyer up.
Of course, the lawyer needs EVIDENCE like stubs, paperworks, etc proving that it is YOUR money. You may even be able to sue your parents for aggravation. |
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#22 (permalink) |
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Premium Member
![]() Join Date: Jun 2004
Posts: 15,641
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No. Mediation means all parties sit around a table and discuss the problem. A neutral person negotiates between the parties, and makes a decision how to solve the problem. It might involve some compromise by both sides. All parties must agree to accept the decision. There are people who are professional mediators. It's kind of like Solomon judging a dispute.
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#23 (permalink) | |||
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*slotting*
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