My husband died 4 years ago, our children and I were awarded an inheritance upon probate. I was awarded guardian and have appropriately invested their money. My 17 year old son is becoming rebellious and I am afraid of what will happen when he turns 18 and is granted the money. Is there a way I can protect the money so it’s “only used for college” or maybe set limits to the amount he can receive per year or can I require drug testing? Please help!
Without reviewing the Will and related documents (such as the order granting you control presently), it is difficult to answer this question. Unless there are some restrictions in the original Will, or unless your child is incompetent, there probably is not a way to do what you are saying.
The best thing you can do is get with an experienced family law attorney who handles actual litigation to review your facts and documents.
This answer is not legal advice, and does not create an attorney - client relationship. This answer is for educational purposes only.
18 year-old kids are not known for making wise investment decisions!
Depending on how title to the investments is owned, you may be able to exert some control. You would do well to review your situation with an attorney to better understand your situation and consider what options, if any, are available.
This answer is for informational purposes only and does not create an attorney-client relationship. If you need legal advice, you should meet with an attorney licensed in your state.
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