So, I just found out that my ex spent $4k from our daughter’s $10k custodial bank account. This account was part of our divorce agreement and was supposed to be for her. I tried to get my ex to invest that money in a college fund before, but they ignored it. Now, they claim the $4k was spent on our daughter’s expenses like SAT prep and camp, which we were supposed to split according to our separation agreement. I’m really upset and wondering if there’s any chance I can get that money back for her. Any advice?
It really depends on the specifics of the court order. If the judge said the money was for your daughter, your ex might have a tough time justifying that spending. Document everything and consider writing a letter to him and the court.
I feel for you. It’s tough when the other parent doesn’t follow through on their responsibilities. Have you thought about going back to court to ask for the money to be returned?
Unfortunately, it’s complicated since your ex’s name is on the account too. I had a similar issue, and it can be really frustrating. But if you can, keep records of all expenses.
I don’t have access to the account, so I can’t withdraw anything. It’s really frustrating that he thinks he can just use that money.
You might be able to recoup some of that money by claiming your share of the expenses. If it’s documented in your separation agreement, it could help.
At the end of the day, it’s really your daughter’s money. If she can’t pursue it until she’s 18, that’s a long wait. It’s so unfair.