she was in a car acc when she was a lot younger she 13 right know. she was awarded 3000 $ however her mother moved out and found a new b/f and while she was trying to start a new life i used the money to help bills and food and take care of kids now i trying to put aside 1000 each month to have the 3000 for her today her mother called saying she going to take me to court can i get in trouble because i used it
2006-12-19 04:09:31 · 6 answers · asked by RICHARD M 1 in Business & Finance ➔ Personal Finance
Yeah she is right. You better start saving.
2006-12-19 04:12:18 · answer #1 · answered by Fool in the Rain 6 · 0⤊ 0⤋
Let's break this down: For starters, it depends on the laws of your state. Since your daughter is 13 right now she probably is not entitled to that money yet -- most states require such a person to be 18 years of age. As for you spending that money on bills and living expenses, that also depends on the laws of your state. In many states, money like an award for damages that is held in trust for a child can be used for expenses directly related to the child's care (like groceries, rent/mortgage for the place she lives, and other bills). So you may be entirely within your right to spend that money on things that are to your daughter's benefit. Best thing for you to do is check your local Yellow Pages and see if you can find an attorney who will give you a free initial consultation -- he/she will be able to tell you exactly what the law says in your state, what type of legal action you could be facing (if any), and what you may or may not be able to do to remedy the situation.
2006-12-19 12:17:31 · answer #2 · answered by sarge927 7 · 3⤊ 0⤋
Is this 3k we are talking about here?
Seems pointless for her to take you to court for money you know is your daughters. The court will grant a judgement and will prob tack on the interest . A loser with other costs.
If you dont dispute the debt then open a passbook savings in your
daughters name and start putting away the money.
This issue is between you and your daughter really.
2006-12-19 12:23:15 · answer #3 · answered by Robert 2 · 0⤊ 0⤋
I'm not 100% certain on this, but I beleive since you are a guardian, the money is not hers until a certain age.
Your best bet is to speak to a solicitor and ask what the legal standing is on it. The fact is that the money doesn't belong to her mother either and that so long as she has the money back (plus interest) by the time she herself wants to draw it, then it should be ok.
2006-12-19 12:24:57 · answer #4 · answered by digiguru_uk 1 · 0⤊ 0⤋
Yeah, you'll probably be made to pony up, plus interest. There could also be other issues, like mis-appropriation or mis-use of funds.
2006-12-19 12:19:12 · answer #5 · answered by boots 6 · 0⤊ 0⤋
you might get into trouble plus she would have more in the bank with interest
2006-12-19 12:15:07 · answer #6 · answered by lizjaclyn 2 · 0⤊ 0⤋