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Personal Finance and Investing

bucolic_frolic

(52,121 posts)

3. Question how does she not know about it already?

Reply to RamblingRose (Original post)

Wed Aug 20, 2025, 05:25 PM

Aug 20

Depending on states, age 18, 21, or 25 would be when the custodian is required to notify the lucky recipient. Was the custodian issuing 1099s? Quite an oversight if they weren't. She could be subject to back taxes, the custodian could be sued.

Agree with the other posts, consult a lawyer, one who has a CPA on call. I'd also ask deeply about a financial planner to see what options are available for you (if any) and for her.

In my view a big carrot like that and some arm twisting might bend the situation a bit to fit your goals.

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This message was self-deleted by its author [View all] RamblingRose Aug 20 OP

Yes. Consult a lawyer. The money belongs to her and should have been marybourg Aug 20 #1

A delicate situation Turbineguy Aug 20 #2

Question how does she not know about it already? bucolic_frolic Aug 20 #3