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Can my parents control my money at 19?

Can my parents control my money at 19?

In the US, in most (if not all) jurisdictions, your parents are allowed to take much of your money until you turn 18. If you have a job, in some states they can take all of the money, in others they can take a percentage of it, up until you turn 18.

Is it illegal if your parents take your money?

It’s not illegal to take money from your kids in most cases, although, of course, there are exceptions, like if the child’s money is in a specific trust and you abuse the funds. Simply confiscating your child’s funds sends the message that it’s okay to take whatever you need.

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Does my mom have the right to take my money?

“First, it is not exactly illegal for your mother to take your money.” – actually it is. The parents ALSO are responsible for the living expenses of the child. They can take a “reasonable” amount from income, but they do not have free reign on the account.

Can I control my 18 year olds money?

Financial Durable Power of Attorney Now that your child is eighteen years old, he or she has the right to control his or her own finances.

Can your parents force you to live with them at 18?

No, your parents cannot force you to remain at home after age eighteen, assuming you are not under any legal disability or court-ordered guardianship under which you are required to live with your parents after age eighteen.

Can your parents take your money at 20?

Technically, they can if your a minor or are still living with them. However, it would be a rather crappy thing to do to you because it is YOUR money.

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Can you sue your parent for taking your money?

You may be able to sue her. It depends on how the money was left. You can visit the probate court in the county where your father died and review his probate file to see how the money was left. The staff at probate court may be able to give you some guidance as to what your mother can and cannot do with the money.

Can parents spend child’s money?

If the check is made out to the child’s name, then yes, the parents can legally spend it however they see fit. However, if the check is made out to a trust account in the child’s name, then it is different. If the account is e.g. a UTMA, then the money can only be spent for the “benefit” of the child.

Can you sue your mom for taking your money?

Yes. You may sue mother. If you are 18 years old you may use her. If you are a minor, you will need GAL to sue on your behalf.

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What rights do parents have when child turns 18?

Like child support, custody arrangements end when a child turns age eighteen. Any court-ordered custody or visitation rights are terminated, meaning that the court cannot make any orders about the child’s living arrangements. The child is free to choose where to live and how often to see each parent.

Can my mom tell me what to do at 18?

It’s true that when your child reaches the age of 18, they are legally seen as an adult and are legally responsible for their own behavior instead of their parents. They can’t break laws, of course – being 18 just means you can be tried as an adult, not that you’re free to do anything you please.