The Case of the Missing Money
August 16, 2010 1:14 PM Subscribe
Old Tax Mystery: I found some folders of taxes done in 1994,1995, and 1996. i was 16 in 1994. These folders contain statements for some custodial accounts, some of them for very large sums.
posted by sio42 to Work & Money (32 answers total) 54 users marked this as a favorite
I called the one firm and they don't have anything listed under the account number or my social. The custodian on the account (my grandmother, tho she legally adopted me so she is technically my mother) has alzheimers. My uncle has power of attorney. I cannot go ask him this because of all sorts of family drama.
How do I find out if the accounts were closed? Is it possible she or my uncle just took the money out? I have never received anything approaching the sums on these statements.
I kinda figure the money's not there anymore. But I'm more curious about custodial accounts work. Was the custodiain required to give me the money at some point? I have never signed anything that I know of that was relinquishing my rights to the accounts.
I know the answer is call a lawyer? a CPA? I'm not sure who the right type of person is to ask. Or what questions to ask.
The only thing I do remember is that my grandmother (adopted mom) was freaking livid beyond reason that colleges and the FAFSA needed financial info about them when I was applying to schools. I mean so unreasonable that my birth mom brought it up yesterday when I was asking her about the financial statements. She has no idea what they are. There are no other family members.
Can someone explain better what the legal meaning is of the custodian account stuff? Googling confuses me. I need a kindergarten explanation.
And then can someone also tell me what kind of lawyer/CPA/other expert to contact to investigate?