By Anonymous - 14/09/2009 15:03 - United States
MomsFavorite tells us more.
Sorry, the limits on number of characters made my description a bit light on details. Dad was killed in a car accident and the insurance co of the driver of the vehicle who hit him paid out a settlement. The amount is really none of your business, but the principal plus returns between settlement and when I started to draw it was enough to cover tuition only for 4+ years. Money was placed in trust for each of us- all of us with mom as custodian, as we were minors. At that time, unless the minor changes/removes the custodian when they turn the age of majority, the custodian remains indefinetly. Mom cashes in fund and when I come home for christmas break to get the portion of the money for second semester tuition, says she used the money on a vacation for herself and my loser stepdad. Later I found out she invested it, made a killing and kept it all. She didn't want to put HER money on the line- in case the investment didn't work out. I even got to pay taxes on the capital gains!! I continued attending college until my SAVINGS was gone and LOANS I qualified for didn't cover expenses (mom was loaded from her part of the settlement and life insurance so I didn't qualify for much) I dropped out. DECADES later, I overhear her telling someone in our family that my youngest sister is the only one who used the money wisely from the settlement. Apparently, she has been telling everyone that I pissed my part of it away. Hope that clarifies. I guess having a college education would have given me the skills to change the second "she" to "mom".
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THATS TERRIBLE!!!!! UR SISTER IS INCREDIBLY SELFISH! TALK 2 HER!!!!!
FYL. Though was it your sister or mother that spent your money?
We can tell that you dropped out of college... you write horribly. You didn't convey who spent your settlement. You didn't say how she (whoever it was) got control of your settlement. It's either a small settlement - that wouldn't pay for 4 yrs of college - or one hell of a vacation, esp since we have to assume that she had her portion of the settlement too.