Parents of a 30 year old man will not let his money go.

[ketbrokem]

What is the name of your state (only U.S. law)? California

Location: Los Angeles, California

----- Back Story -----

My fiances parents have been controlling everything he does, eats, breaths, and makes since before he was 18. He is 30 years old and has been making 5 to 6 figure income since he was the age of 10 (occupation undisclosed).

We know he has a savings or several savings accounts, investments, or something out there.

His parents completely refuse to give him any details on where the accounts are, supposedly in fear that he will spend it. (again my fiance is a 30 year old man)

His parents disown their children as they grow up, get married, and leave the house and hold their finances hostage as the only form of control they have left.

----- Details -----

- We believe that the parents are on the bank accounts, but not the primary my fiance should be primary. They make very little money and we do not believe they would have been claiming that income due to taxes. (we could be wrong)

- We do not believe they have been spending or using the money. (again, we could be wrong)

- This was the first year that he did his own taxes. Parents still go to the same tax guy so there are some loyalty issues there with the tax guy. We used this to gather his bills and were able to change addresses to our new house, but that was all we could get.

----- Question -----

1) How do we get them to give over the bank account information and take themselves off of it?
2) How do we know that they have not been spending his money for the past 20 years he has been working?What is the name of your state (only U.S. law)?

[>Charlotte<]

Well, for starters, he should open a new account in his name only and have any current and future income deposited there. That would at least cut off the parents while he tries to sort out the past. Since he's apparently in the entertainment industry, are his parents his agents or managers?

[justalayman]

well, the occupation is extremely important in this situation and without it you get guesses.

1) How do we get them to give over the bank account information and take themselves off of it?

if in one area of employment, he sues mom and dad. If all the others. he sues mom and dad. Depending on the exact details, he may or may not be entitled to his money.

2) How do we know that they have not been spending his money for the past 20 years he has been working?What is the name of your state (only U.S. law)?

if in one area of employment, he sues them. If in most any other area of employment, he sues mom and dad.

You have given so little info. No idea if they are currently taking his money, any contractual relationship with mom and/or dad, occupation (it makes a difference), and many other details that are important to the situation.

So, bottom line; he should go hire an attorney to sue mom and/or dad for any money he believes he is entitled to.

[Country Living]

I read this differently (of course more information would have been helpful.) I was reading into it that these investments, savings accounts, and such were started for him when he was very young.

[justalayman]

Originally Posted by Country Living

I read this differently (of course more information would have been helpful.) I was reading into it that these investments, savings accounts, and such were started for him when he was very young.

yes but due to the Jackie Coogan laws, if employed in the entertainment field, the pre-18 income is treated very differently than a child not employed in the entertainment field.

OP is just too light on info to make any real guesses.