Legal Question in Wills and Trusts in New Jersey
My great grandpa died four years ago and I got money from his will before I was 18, so my mom was the beneficiary to take care of the account. I am now 19 and my mom still will not let me touch the account even though it is MY money. Is there anything I can do to get control of my own account?
3 Answers from Attorneys
The 1st thing you should do is give your mom a hug and thank her for protecting the money. You should also ask her for a copy of the bank account statement. The next thing you should do is not touch the money until you are 25.
This is real advice that you should seriously consider.
Ronald J Cappuccio
www.SaveYourEstate.com
If you want to hire a lawyer, please contact me. I will charge you for my time, and tell you what your legal rights are.
On the other hand, it may be smarter to just talk to your mother and agree on what should be done with the money. It would make sense for you to have a copy of the bank statement showing how much is in the account.
While I generally agree with the other authors, more information is necessary for a full response, such as (A) by what authority did your Mom receive the money - by Court Order or some provision of the Will? (B) What type of account was used to hold the money she received - custodial account for a minor or a trust account of which she is the trustee? (C) If a trust account, by what authority was it opened and what to provisions is it subject and where are they located? Mom may be acting properly, but she should not be withholding any information from you. It may be necessary, if she continues to refuse to give you any information, to actually sue her to get the information.