SharonB wrote:
That occurred to me. A relative of mine was considered incapable of managing family finances after a head injury. He had little to no restraint. My son is super impulsive, so we'll see how it goes here. That's why I am started early! I had a great-great-great... aunt who behaved as if she was penniless and yet she was quite well off. When she passed, my great-great... grandmother (who repeatedly lent her "poor" sister money), sued the estate (on the grounds of her sister's mental instability, and lost).
Well I am being forced to let my parents manage my finances right now because of welfare regulations saying I can not have more than 2 grand in financial assets at any one time.Technically,My parents own all my money and things because of that.My mom and dad own the oil company officially.Me and my sibling own all parents things unofficially but we will get them after they pass.Spending money is one of my least favorite things.I started saving money in the 90's.Sorry for the confusion.I really am sorry I did not mean to confuse yall.