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Thread: Teenager sues parents for support

  1. #21
    Posting Addict KimPossible's Avatar
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    Quote Originally Posted by AlyssaEimers View Post
    There are plenty of accounts that can only be used for college or have other restrictions like they can not be accessed before the age of 25 or whatever age the person setting it up put with it. There might have also had to have had a parents name with it. When we set up a savings account for Alyssa, it could not just be in her name. It had to be in both of our names. Either way, I would think it would be clear cut who the money legally belongs to.
    Yes I'm aware of that. Thats why I'm saying its important to know what type of account it is. I didn't say "No account exists like that"

  2. #22
    Mega Poster mom3girls's Avatar
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    DH and I were talking about this last night. If one of our children made this choice then we would finish out the high school tuition because we made the choice for them to go to private school. Any college money would be transferred to a different kind of account, probably our retirement.
    Lisa
    Molly, Morgan, Mia and Carson

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    Posting Addict Spacers's Avatar
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    David Letterman is retiring. Such great memories of watching him over the past thirty-two years!

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