Barging here in the sailor's term when a boat attempts to cut off all others at the favored end of the starting line. Parental here because a brother did it to his eldest daughter.
I submit this to the BITOG BrotherHood for comments.
I found out this brother evidently intercepted a terminal check from an investment fund I set up in her name when she was less than a yr old, due to mature on her 21st b-day. My original investment more than tripled over the years, to her benefit.
However, she was denied the proceeds. Rather than leaving the check for her to do as she wished (my wish), he cashed/coverted it beforehand, explaining "it was to be used for school", according to her.
To the legal minds out there, how is this possible? She is certainly of legal age. Neither parents name appeared on the account. Just mine and hers, set up as a UGMA.
This stinks. He already has more than a few issues. However, to do this to his own daughter really caught me by surprise. I believe it's incredibly unfair to her and to me as her uncle. After all, she only received it because of my actions decades ago.
What say you?
I submit this to the BITOG BrotherHood for comments.
I found out this brother evidently intercepted a terminal check from an investment fund I set up in her name when she was less than a yr old, due to mature on her 21st b-day. My original investment more than tripled over the years, to her benefit.
However, she was denied the proceeds. Rather than leaving the check for her to do as she wished (my wish), he cashed/coverted it beforehand, explaining "it was to be used for school", according to her.
To the legal minds out there, how is this possible? She is certainly of legal age. Neither parents name appeared on the account. Just mine and hers, set up as a UGMA.
This stinks. He already has more than a few issues. However, to do this to his own daughter really caught me by surprise. I believe it's incredibly unfair to her and to me as her uncle. After all, she only received it because of my actions decades ago.
What say you?