The former wife vs. the new wife regarding financial obligations (child support, college)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The trust pays out the money regardless of what it gets spent on. That doesn't solve anything.
Not if the trustee has proper instructions and follows them. And fiduciary law would hold the trustee responsible if (s)he doesn't.
Quote:
And the things I listed DO support the child.
No, they support an adult. The point of child support is to provide for a child's immediate needs, not his/her future needs when (s)he reaches adulthood.
If the "child" is 40, and the adult is 60, the child is still a child of that parent. Trust me on this. No matter how old a woman's kids get, she still gives them priority over her boyfriend or spouse.
No, they support an adult. The point of child support is to provide for a child's immediateneeds, not his/her future needs when (s)he reaches adulthood.
I go grocery shopping and spend $200 a month. How is the trustee going to know what percentage of that the child will eat--if ANY at all?
So I get $200 and use it to put a down payment on a car, or for a new TV. Or I claim to need money to buy school clothes for the child, and instead spend it on a Playstation for myself.
I didn't eat much as a kid--my mother chose not to feed me. But I certainly could have used whatever money should have gone to my support when I got out of that house!
I go grocery shopping and spend $200 a month. How is the trustee going to know what percentage of that the child will eat--if ANY at all?
So I get $200 and use it to put a down payment on a car, or for a new TV. Or I claim to need money to buy school clothes for the child, and instead spend it on a Playstation for myself.
I'm not going to sit here and explain the minutae of trust law and trust asset management to you. Trustees manage trust assets all the time. They know how to do it even if you believe it's an unmanageable process. It's not.
most do not understand that a great deal of the institution of marriage has to do with money- not sex. foreigners understand this- but we are still catching up.
the next giant step is for guys to realize thats mama's boy, is a good thing. in the far east, the mother in law keeps an eye on the new wife so that it doesnt end up a divorce. most gals that post here will admit that the guy should be generous but not give her everything she wants, it will sour the relationship. http://www.youtube.com/watch?v=AcUd1pB8UPQ
If the "child" is 40, and the adult is 60, the child is still a child of that parent. Trust me on this. No matter how old a woman's kids get, she still gives them priority over her boyfriend or spouse.
A parent has no legal obligation to financially support their adult child.
I go grocery shopping and spend $200 a month. How is the trustee going to know what percentage of that the child will eat--if ANY at all?
So I get $200 and use it to put a down payment on a car, or for a new TV. Or I claim to need money to buy school clothes for the child, and instead spend it on a Playstation for myself.
I didn't eat much as a kid--my mother chose not to feed me. But I certainly could have used whatever money should have gone to my support when I got out of that house!
Well you have your mother to blame for that. Dad met his obligation to financially support you, your mom failed in seeing to it that you were taken care of.
Well you have your mother to blame for that. Dad met his obligation to financially support you, your mom failed in seeing to it that you were taken care of.
And thus, it should have went into an account that only I could draw upon once I turned 18! So this kind of thing won't happen. So it couldn't be squandered.
A parent has no legal obligation to financially support their adult child.
I agree--but it doesn't keep some parents from doing it. Particularly mothers.
Thus, when you're dating someone that has an adult child, and they come crying to their parent about money, that parent is often wanting to spend YOUR (the two of yours) money to "help them along".
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
