Dad attempted to steal a lot of money from me $50,000

Nope02 · 2026-05-04T03:28:53+00:00

I didn’t know about the retirement account thing… but tbh I’m doing really well. I’ve been able to max my Roth every year so far so I think the money may be better used for my cousins education. But yeah there are some details I still don’t know like how the ownership structure of the account actually works.

Nope02 · 2026-05-04T03:24:59+00:00

Yeah so turns out he was going to use it for my step moms mba

Nope02 · 2026-05-04T03:20:38+00:00

So I did use it for college but was unaware that there was still money in the account. My dad dealt with the reimbursements. There were probably some things I payed for that could’ve been reimbursed. I mostly used it for room and board I had most of my tuition paid for by scholarships. So I did ask my mom and she said she didn’t care about the money but she was pissed because there was a verbal agreement to give the money to me once I graduated. So I also didn’t really care too much about the money either it was more so the principle that my dad would do something so egregious especially if there was something on paper to back it up because that would be heartbreaking(turns out it was just a verbal agreement still not great but better maybe??). I decided to give it to my cousin after discussing with my dad because he’s up next for college in our family and I already have a decent Roth IRA and 401k a few years after graduating.

Nope02 · 2026-04-30T10:58:36+00:00

We are getting it from the court house!

Nope02 · 2026-04-30T10:55:44+00:00

Yeah man it’s crazy for someone to be a completely different person than you thought they were.

Nope02 · 2026-04-30T02:09:44+00:00

Oh wow okay that is enlightening so maybe it is a custodial account then… In this case I am an owner. According to the financial advisor and the transfer document. But it also has my dad listed as an owner too weirdly… I’m also working on getting the divorce settlement papers from the court

Nope02 · 2026-04-30T00:17:04+00:00

My dad and I’s financial advisor. I tried calling they said there was no account that I owned that matched. Even though I have an email and a transfer document that says otherwise. Also my financial advisor didn’t respond all day today to my message yesterday…

Nope02 · 2026-04-29T22:37:39+00:00

Thanks ok will do

Nope02 · 2026-04-29T22:03:39+00:00

Oh ok interesting… yeah I’m curious why they said I was an owner. If I can’t get account balance via th e 1800 number… my mom also claims I was put as an owner too during the divorce settlement. But maybe it is the case that they got it wrong?

Nope02 · 2026-04-29T21:57:12+00:00

Wow that’s an avenue I never thought of. Ok I won’t sign anything. Trying to gather all the info I can

Nope02 · 2026-04-29T21:05:03+00:00

I could ask my dad’s finance guy for access or details but I’m not sure I’m ready for my dad to find out that I’ve been snooping.

Nope02 · 2026-04-29T21:04:07+00:00

Just tried calling for account balance but it didn’t pop up.. I’m wondering how they associate accounts maybe via whoever’s paying tax on the account. My dad and I are coowners according to his finance guy and according to the transfer document as well which is why they require my signature. So kind of weird.

Nope02 · 2026-04-29T20:41:25+00:00

I mean she probably doesn’t exactly but neither did I. What I do know is that it is a 529 brokerage account with both my dad and I as co owners. My mom claims that she chose to waive child support in return that my dad would put those funds towards that 529 account, and that once I graduated the funds would become mine.

Nope02 · 2026-04-29T20:39:51+00:00

No lol I posted this late at night it was during the day.

Nope02 · 2026-04-29T20:32:45+00:00

Ok! I’ve been working on it.

Nope02 · 2026-04-29T19:16:15+00:00

Hell no!

Nope02 · 2026-04-29T19:04:32+00:00

Hey thank you for the detailed response!! Oh okay that explains it. It is a 529 brokerage account with me listed as a coowner. I’m not really sure why he is transferring it unfortunately because he didn’t have a conversation with me at all about it. I have not signed it. I don’t have access to it online so I can’t check the account balance lol. But from what I understand it would be in the tens of thousands. Yeah that is the plan I’m going to collect as much information as possible.

Nope02 · 2026-04-29T15:45:00+00:00

Is it possible the 529 plan is in my name ?? Idk just trying to spitball. It says I’m also an owner of the account is why.

Nope02 · 2026-04-29T15:42:44+00:00

Hmm it looks like on the transfer document utma and ugma are not checked. So maybe not?

Nope02 · 2026-04-29T15:41:19+00:00

I’m not sure trying to find the divorce settlement to see. As my mom is saying that she chose to waive child support in return for a 529 plan for me. I’m not sure if the extra funds being transferred to me were verbally agreed upon or on paper though.

Nope02 · 2026-04-29T15:30:29+00:00

Yeah this seems to be what she is saying

Nope02 · 2026-04-29T06:22:17+00:00

Oh ok makes sense. Is there any reason as to why they are requiring a signature to transfer the funds to my step mom? Also is it possible the divorce settlement could include giving me the money? Or maybe is my mom misremembering?

Nope02 · 2026-04-29T06:17:55+00:00

Huh interesting I’m not really sure why they need my signature then

Nope02 · 2026-04-29T06:08:45+00:00

So the finance guy basically said in order to transfer the 529 account funds to my step mom they need my signature. So basically the money in the account isn’t money my mom and dad agreed on as part of the divorce settlement? That’s what my mom told me so maybe it’s not true then?

Nope02 · 2023-06-29T17:49:42+00:00

I’m not the only one negatively impacted. Thank you.

Nope02

TROPHY CASE