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re: How should I handle this situation figuring out my Dad used my birth money?

Posted on 5/23/16 at 9:57 am to
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 5/23/16 at 9:57 am to
quote:

Say thank you, cut him out of your life, and move on.


Fixed it.

Parents stealing from their children, even if they paid for everything else, is a pretty good indication they are a horrible person. You will be better off without him.
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 5/23/16 at 10:00 am to
quote:

You do realize you have a net liability to your dad in a likely range of 200k-500k. This is assuming he raised you.


you don't owe your parents shite for what they decide to spend on you. Parents raising their children is THEIR obligation when they have you. Now its great that his father paid for college or some of it at least, but that doesn't create a debt to the child.
Posted by Louie T
htx
Member since Dec 2006
36302 posts
Posted on 5/23/16 at 10:09 am to
Agreed. Who steals their children's gifts from them under the guise of "well I've spent money on raising you, so I feel entitled to your birthday money"?

OP's situation is a bit different since he's racked up some extra bills being an idiot, but the seemingly general sentiment in this thread is misguided.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37086 posts
Posted on 5/23/16 at 12:01 pm to
I try very hard to defend millennials, I say no, they are just misunderstood, they are not really entitled, etc. And then this post comes along.

It sounds like your dad never invested the money, just spent it when it was given to him.

My parents didn't pay for a lick of my college tuition or expenses while I was in college. They told me they would repay half my student loans, but that never happened.

When I was a kid, I won some essay contest from Schwegmann's and won a $1,000 "college scholarship" in the form of a savings bond. My parents held it for safekeeping. When I graduated high school, I asked them about it and they told me that they cashed it in several years prior when high school tuition was due and they were short.

I love my parents very much. They did not pay for my car, nor my insurance, nor any expenses or gas, nor anything at all once I went off to college.

I could not imagine asking them to make me whole on that savings bond.

Yet, your dad paid for a heck of a lot more than my parents did, and not only do you want to ask for the money back, but you want it back with an investment return?

I could never do that. Sorry. I get that it's "your" money and I get that he paid for a lot of stuff he did not have to pay for. So just consider that perhaps part of your car or part of your tuition, you actually paid for that with your money. Isn't that cool? You saved up your money and used it to pay for your education or part of your car.

Should your dad have done what he did? No. Is it worth losing a relationship over, because that's a distinct possibility here if you ask him for the money back, with growth.
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 5/23/16 at 12:25 pm to
quote:

Should your dad have done what he did? No. Is it worth losing a relationship over, because that's a distinct possibility here

so your philosophy is its ok for a parent to steal from a child if they pay for other shite?

Stealing from your children is a form of abuse IMHO. And my guess is that if a parent takes money from a child, they are likely doing other sorts of horrible things to the child. And I would say that cutting a horrible perosn out of your life is a win. Its not for everyone and I am not suggesting the OP has to do this, but its worth thinking about.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 5/23/16 at 12:31 pm to
quote:

Parents stealing from their children, even if they paid for everything else, is a pretty good indication they are a horrible person. You will be better off without him.



Is it actually stealing? I could agree with the theft angle if the Dad took the money and the kid was responsible for paying for his own way through school. But it seems like Dad covered this.

Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 5/23/16 at 12:45 pm to
quote:

Is it actually stealing?

In my eyes it is. Taking something that is not yours is stealing in my book.

Would you do this to your children?
quote:

I could agree with the theft angle if the Dad took the money and the kid was responsible for paying for his own way through school. But it seems like Dad covered this.

if the father told him ahead of time, we are going to use this for your college. Or even said when he paid the hospital bill, hey you know what son, can I use the money you gave me to cover this? Then its not stealing IMHO. but if he didn't, its taking something that doesn't belong to you. And its theft IMHO.

Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72619 posts
Posted on 5/23/16 at 12:51 pm to
quote:

Is it worth losing a relationship over, because that's a distinct possibility here if you ask him for the money back, with growth.




anybody saying cut his dad out his life is a facking moron.

They make it out as if his dad is a POS bum who never did shite for him and stole money from his wallet at night on a regular basis PLUS physically abused him. laughable. I'll also be willing to bet half these clowns do not have kids or know the first thing about raising kids.

Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72619 posts
Posted on 5/23/16 at 12:53 pm to
quote:

is a pretty good indication they are a horrible person. You will be better off without him.






Posted by castorinho
13623 posts
Member since Nov 2010
82025 posts
Posted on 5/23/16 at 12:55 pm to
quote:

And I would say that cutting a horrible perosn out of your life is a win.
you're being a little over dramatic.
quote:

but its worth thinking about.
No, not really when you consider everything else
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 5/23/16 at 1:24 pm to
quote:

you're being a little over dramatic.


stealing from your kids is a pretty big indicator of being a horrible person.

Now, could we be missing information that mitigates the situation? Yes, there could be.

I would wager large sums of money that if this parent is taking the kids money, then they are likely doing other abusive things.
Posted by The Spleen
Member since Dec 2010
38865 posts
Posted on 5/23/16 at 1:26 pm to
quote:

stealing from your kids is a pretty big indicator of being a horrible person.




Agreed. OP sounds a bit whiny, but it also doesn't sound like he had a great example for a father.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72619 posts
Posted on 5/23/16 at 1:37 pm to
quote:

but it also doesn't sound like he had a great example for a father.



his dad was HORRIBLE!!!! didn't you read all the terrible things he did to him his whole life? or the lack of things he did for him?

Press charges! THROW HIM IN JAIL!


Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 5/23/16 at 1:41 pm to
quote:

I would wager large sums of money that if this parent is taking the kids money, then they are likely doing other abusive things.



I can count on one hand the number of times my dad raised his voice at me growing up. Each time it was well-deserved. He's never once abused me physically.

When each of us were born, my parents put about $2000 in a savings account for us. For birthdays/Christmas we would typically split our cash gifts with half to the savings account and half for us to spend. They put me and my three siblings through K-12 private school, bought us each a vehicle, and covered insurance, cell phone, etc. They also paid for 100% of my tuition and housing expenses to attend LSU.

One summer I got a fellowship offer in DC. Fellowship was unpaid and I would need to cover housing in DC as well (~$3000 for the summer). Dad said not to worry it would be covered. Turns out he ended up using that savings account he had started about 20 years earlier. I never once asked him to replenish the account, nor did I think he stole from me.

When I graduated from college, I kept the car they got for me and he transferred the title to my name for $0. They also paid for a good bit of our wedding, and loaned me money for a downpayment on my first home while I was waiting for my bonus check to come in.

I suppose I could be petty and call my Dad a thief and ask him to repay me the $3000. But I came out way ahead in this situation for such an abusive relationship as you so described.
This post was edited on 5/23/16 at 1:43 pm
Posted by The Spleen
Member since Dec 2010
38865 posts
Posted on 5/23/16 at 1:51 pm to
I didn't say he was a horrible father, but there's more to parenthood than providing things for your kids. Taking money that is intended for your kid without telling him/her shows a lack of character, IMO, and sets a bad example. Maybe this was his only flaw as a parent. Maybe it's just an indication of other character issues. The OP did say it didn't really surprise him his dad took the money, so I lean towards the latter.
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 5/23/16 at 1:58 pm to
Glad it worked for you, but you are not the OP. At any point in time did you discuss it with your father? Or did you just forget about it?

I know my father stole from me, and he was an abusive frick. Yeah, he gave me a bit of money for college, probably more than he took from me. But that doesn't mean it was OK thing to do, in fact, it was pretty shitty.

The irony is that his parents stole money from him, and that was his big complaint of them as parents. And then he does it to me.

FTR, what he took was a lawsuit settlement. I was in a pretty severe car accident, and I was given about $1500 on top of my medical bills being paid. I was a minor, and so he got the check. And used it for god knows what. I never saw it. He just told me it was his.

He also took the money I got for my car being totaled. The car was in his name, although I had to purchase it from him at blue book value. I got in a car accident (different one, neither my fault) and my car was totaled. He took the money saying I owed it to him for car expenses.



Posted by abitabrewed4LSU
Houston, TX
Member since Feb 2009
1078 posts
Posted on 5/23/16 at 1:59 pm to
Well said.

OP has had every advantage in life. Are we so certain the money was "stolen" or was it used to benefit the OP in some way that they neglected to mention?

I notice that OP is no where to be found and clarify the issues.
Posted by Jebeco
Clear Lake City, TX
Member since Jul 2014
3292 posts
Posted on 5/23/16 at 2:38 pm to
quote:

Tamer of beasts


You are going to get hammered in the real world. May God have mercy on your soul.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37086 posts
Posted on 5/23/16 at 2:39 pm to
Well, your story certainly explains your position. I can respect that.

Each of my kids, who are significantly younger, each have a savings account. They put some of the big money they get from presents, etc in it. In addition, each paycheck, an amount is automatically put into the account.

From time to time, we make withdrawals from the account to spend the money 100 percent on them. For example, if we are going to Disney World, we will take money out and buy them a gift card for them to spend while on vacation. Or, if they decide they want to go to a week of summer camp (my wife is off in the summer so it's not required) then we will take the money from that account and pay for it.

My oldest one, we tell her, hey, this is coming from the money that was saved, but I'm not sure she understands it. My youngest one, she would not understand no matter how we explained it.

So, do you think we are stealing?
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37086 posts
Posted on 5/23/16 at 2:40 pm to
quote:

OP has had every advantage in life. Are we so certain the money was "stolen" or was it used to benefit the OP in some way that they neglected to mention?


I'm sure paying for all college and expenses, paying for a car, etc, far exceeds the value of any investment.
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