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Relationship Discussion (non-explicit)
Reply to "DW Raided Daugher's Savings Account"
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[quote=Anonymous][quote=Anonymous]Hmm this is a problem. UTMA's are governed by state law. [b]Custodians can only make decisions for the account that serve the minor's interest. [/b]If she was investing the money on behalf of your daughter, in a sensible way, that would be okay. It doesn't sound like that is the case. I think you will have to make sure she is removed as custodian. You are going to have to take this problem step by step and work it through. [/quote] This. If she paid of her own credit card bills - nope, not okay. If she paid of your daughters credit card bills - doubtful decision, but okay. If she wants to invest for your daughter - okay. If she wants to invest for herself - not okay. Get a lawyer.[/quote]
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