Can my mom take my money
WebMay 19, 2024 · There is no way your mom lived with two children on only $800/month, so something doesn't add up. But with that $800, you had a place to live, food, utilities, clothing, and transportation, which is what child support is supposed to help provide. Your mother had every right to keep that money to pay the bills. WebMy father went through a long time illness, my mother and I paid out of pocket for everything he needed and he wanted. $4600 ramp, $2500 mattress (towards the end he was very uncomfortable in bed, and I was desperate to help him), months of live in help for my mom and dad, 24 hour nursing care in the last few months.
Can my mom take my money
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WebMar 11, 2016 · Because once Mom's assets run out, you will need to account for the sale of every single item and where the money went. Don't use the proceeds for anything else, other than Mom's care. Medicaid *will* check on it, trust me. My father sold my son an old junker vehicle for $300, which immediately died and had to be taken to the junkyard for … Webevery year, at my birthday, some of our relatives give me money in their cards (elderly relatives that don't go shopping much to get gifts). since I was young, my mom would take the money and put in her pocket. every time I asked about it, she would just say "ill give it back later, im just keeping it safe". but it never ended up back in my hands. it got to the …
WebNov 17, 2024 · If she falls behind on credit card debt and gets sued, the credit card company can use the money in the joint account to pay off your daughter's debt. Or if she gets divorced, the money in the account could … WebJan 8, 2012 · Your parents can't simply take your money, and the bank won't let them. Ms. Brown may be reached at 718-878-6886 during regular business hours, or anytime …
WebJan 21, 2024 · But does your desire to help Mom and Dad extend to buying life insurance for them? Well, it can. However, you can’t surprise them with the gift of a life insurance … WebNov 3, 2015 · For parents who have the funds and desire to help adult children buy a home, gifting a down payment is one of the most common ways to help. But it's not the only option. Here's a look at several...
WebTo open up the conversation, here are 13 readers talking honestly about if and why they take money from their parents. 1. Hell yeah, I take money. I am married to an artist and raising two kids in NYC. I wouldn’t be able to …
WebSep 14, 2024 · Funerals can run upwards on $10,000 or more. If your surviving parent doesn’t have the money to pay for the service and burial, contributing to this expense can be a nice gesture. However, it is always better to plan for the future. If your parents don’t have a life insurance plan, talk to them directly. iphone xs sim card tray locationWebIt's quite obvious they have not given up other income, in fact our very lives and own futures that could be to our own detriment in the future, thus making someone else HAVE to take care of us if there is such a person for us. We charge rent because we need the money to take care of our parents. iphone xs slim caseWebSep 21, 2024 · The story of a Michigan mom went viral this week when she went to court to face charges that she'd stolen her 15-year-old daughter's iPhone 6. Posted 2024-09-21T13:36:41+00:00 - Updated 2024-09 ... iphone xs slowing downWebSo you are generally better off delaying the sale of the house. For example, if the private pay rate for the nursing home is $10,000 a month, but the state pays $7,000 a month for your mother’s care, then you ultimately save about $3,000 every month you … orange tree theatre logoWebJun 13, 2024 · Whether it’s intentional or subconscious, “a toxic person tends to be controlling, demanding, manipulative, demeaning, and/or self-centered,” he says. And it can leave you feeling down, or ... iphone xs slow chargingWebDec 8, 2024 · For tax year 2024, parents can each take advantage of their annual gift tax exclusions of $16,000 per child (that number goes up to $17,000 in 2024). For a family consisting of two parents and... orange tree sterling heights miWebSep 15, 2024 · Your money could be seized if your parent runs into financial trouble and a court issues a judgment in favor of a creditor. Assets in bank accounts can be taken — and your jointly held account is considered an asset of your parent, even if all the money belongs to you. It’s time to establish financial independence. orange tree tom fool