My Mom Won't Give Me My Trust Fund Money! 

If I had to guess the caller has absolutely no idea what the trust says in all the fine print and is just making assumptions.

Her boyfriend is behind all this drama--GUARANTEED. He wants to get his hands on that money.

"We are trying to start an emergency fund". GIRL, if your boyfriend needs you to start an emergency fund then this is telling you how he would be as a husband right now in his life. Your mom is trying to help you by keeping the b/f from squandering your money. LISTEN TO YOUR MOM!!!

That boyfriend is going to be one happy dude when she gets the money! 🤣

Ohh god….it starts with…”me and my boyfriend”…..

Caller sounds clueless. She probably has no idea what the trust actually says and is going off what her mom told her.

Her boyfriend is chomping at the bit to get that money for a new truck....momma is smarter than her.

Why is her boyfriend so concerned about her emergency savings? And her trust fund? If I was her mom I would withhold the money to.

I figured it out at “ Me and my boyfriend”…….

It's not unusual to make the age more than 21 to receive money from a trust. Mostly to try to stop idiots from giving their money to boyfriends and girlfriends.

Her mom knows her better than anyone.

Boyfriend is wants his piece of the cake, she said “we want to start our emergency fund” I am surprised Dave didn’t slapped her hand about WE

There’s another side to the story, it’s unfortunate we’re only listening to this one side - the way this young lady stated her situation, I’d be hesitant about releasing the funds to her as well, especially when the boyfriend is in the equation.

WE NEED TO HEAR THE MUM'S SIDE OF THE STORY!! why in the world does this story start with, "Me and my boyfriend... "

That money is already gone

“That’s what “We” were trying to find out.” Her boyfriend should have nothing to do w this transaction. I can only assume that is what the mom is mostly worried about. They need to make their own “separate” emergency funds. Why are people so eager to disclose to their partners, who aren’t married to each other, how much money they have? Keep that information to yourself. You have to pretend you are broke. Let that money thrive wo the influence of other people’s opinions. I am kinda siding w Mom

Why do I feel like she is shaking up with a guy, paying most of the bills, and will blow it. Why did Ramsey ignore the " me and my boyfriend garbage"?

The red flag was in her first few words, “my boyfriend”. Sounds like he wants an emergency fund and does t want to contribute.

30K pfftt! It will be gone in a flash! Don’t let your BOYFRIEND know you have anything! A husband, different story!

As this woman’s boyfriend I can confirm we did get the money and we are paying off our debts using the method! I have $29,000 in a truck payment and she only has $1000 left on her student loans. So we are going to knock out my truck payment first then we will be debt free! I’m gonna marry her in like 50 years

This girl sounds like she's light on maturity.

My dad set up a trust fund for me when I was in middle school. It’s a retirement one. I’m 24 currently. I’ll be 60 when I can have access to it. It’ll be over 1 million dollars in it by that time. I’ll never have to worry about retirement. Don’t give it to the kid.

I'm with mom. This girl sounds like a hot mess.

She has no idea what the Trust says.

I’m glad she won’t.. she sounds super immature. Mom knows best.

Caller sounds young and clueless. She has a degree but has no understanding of what the terms of the trust are. Plus she wants to get an emergency fund from the trust? So she doesn't have a job. Sounds like mom could actually be right. This kid is gonna blow the money

It's her mom's money not hers, Dave should know this. I don't think it is not a trust but an education fund for her. Just like in Canada, RESP is in my name, not my kids name. My kids are not entitled to it, if my kid sued me I would shutdown the account and put it in my RRSP, period. Entitled children. Also Dave should know the b/f is trying to get his hands on her money. She is not telling Dave the full story, she is likely lying.

Why didn’t he address the boyfriend thing first? I really don’t understand why women act like they’re married when they’re dating. I’ve always had a natural adverse reaction to men who aren’t providers or men who were expecting me to act as if we’re married. Meanwhile, we’re dating….

She sounds very immature. Her mother is trying to protect her. The daughter is going to blow the money on her boyfriend. He's just there for the money. There is no "we" he isn't her husband

This woman needs to learn to stand up for herself. She seems to be easily manipulated by people who want to take advantage of her--both the mother and boyfriend.

probably released at 25 not 21...like a great deal of trusts say to get past the major stupid period of adulthood. She's trying to finance boyfriend who is pushing for the cash.

“My boyfriend wants to start his emergency fund…” is what she meant to say

my boyfriend and i " lol yes it will be gone in a blink of and eye 👁

Victoria Don't Let YOUR Boyfriend in your finances, sounds like he is a cheerleader for that money. And you don't need 30k for your emergency fund listen to your Momma

If true, she doesn't want her daughter to squander the money or give it to her boyfriend. 🤔

Just from listening to her, If I were her mom I won't release it to her. Why is her bf involved in this discussion?! We either need to call the mom or the mom needs to call the show🤣🤣🤣 They've made out everyones business now

Call JG Wentworth and tell them it's my money and I want it now.

It sounds like she doesn’t know what the trust says. It may say she can’t get the money until she turns 25.

I think it's in a bank account with the mom as the trustee. She needs to go to that back and have them change the title of the account from a trust account to her name.

Please make sure the attorney doesn’t take all the money !

Wait wait wait wait wait. Did she say that she only spent $5000 on college?

She hasn't read the terms of the trust.

It will be blown. She and her boyfrien says it all. Not her Husband etc. She should be doing this on her own, bf should have nothing to do with it.

I would not give her the money either, if I were her mom.

There's more to this, that the caller knows and isn't sharing.

Can I just say, I was given a bunch of money at her age and I spent it like an idiot. Maybe she should keep it where it is until she actually needs it.

Never ever count on an inheritance. My grandmother was loaded rich and donated all of her money. Leaving my father with $1,700. Essentially three pieces of drywall. This is a common narcissist trait to donate their money or withhold it, as a part of control. Do your best work hard and never depend on someone coming to your finical rescue.

I bet the terms are not what she is saying.

She said it was for school, but she paid $5k out of pocket for school. Maybe she has a degree in cosmetology and the trust states something different like she must have an associates and Bachelors degree for the money to go to college, then if she doesn't go to college she doesn't get it until 25 or whatever....without looking at the trust you are just guessing, and from the sound of it doesn't sound like she is really ready...that money will be spent by "me and my boyfriend" before the year is over...I'd put money on that.

That’s because they don’t TRUST YOU duh ! 🙄

“She made me pay for my own schooling” lol America is a crazy place

If the trust says she can have the money... she gets the money. If the trust says she has to wait, then she can demand the money... but won't get it.

This girl is going to blow this money.

If she’s accurate, mom is required to file tax paperwork on this every year. I can’t understand why she wouldn’t want to get rid of that requirement the first second she’s able to

It all depends on the terms of the trust. A $30k trust is usually simple, the trustee can spend the funds on a limited set of circumstances (college tuition, down payment on a house, etc) and then the proceeds are turned over to the beneficiary at a specified event (such as attaining a certain age, getting married, graduating college, etc.). Dave is correct, getting a copy of the Trust is the first step. Shouldn't be difficult to figure out if she is entitled to the money at age 21.

Her and her boyfriend acting like they married? What is the status of the boyfriend and his finances?

My mom had a small trust fund for me. She forgot about it and told me about it. Then she said she needed the money to pay for my sister's graduate school. I didn't think even twice. It was never my money. I told my mom tell me whatever you need and I will make sure you can take it back to pay for my sister. We dont need entitlement culture.

Yes, you will blow it I feel it in my bones. Be lucky you even have anything...my parents left us nothing. Why? They were AWFUL with money!

I think Mom wants to her to use the trust fund as an emergency fund or a down payment for a house, not blow money

Dave, or anyone can only give advice per what a caller says.

Never count on an inheritance. Make your own money and own way. These situations are a sick dance. 30K is a drop in the bucket. Move along.

🚩🚩🚩🚩 any sentence starting with my boyfriend and I boyfriends never have voice in single life decisions

I think Dave didn’t do his due diligence here. There were 100% things that were left unsaid. I’m sure there’s terms that she isn’t meeting

She needs to go through the steps by herself! She and the boyfriend are not married. Plus, I don’t blame the mom. She sounds childish.

Home girl is gonna spend all the money…….

Hope mom didn't already spend it.

It depends on the location. For UTMAs and UGMAs, the legal age for which the trustee can access the funds varies by state.

Things are getting harder for everyone . 30k is good amount nice mom for the hard work.

BTW Ramsey Team, successor trustee (her mom) remains in control of disbursement until the trust is closed out or trustee is replaced. I am one, so I have firsthand knowledge. Trustees MUST follow the terms of the trust. A final trust tax return has to be filled so that expense, if paying a tax preparer, comes out of trust proceeds. Also an annual return should have been filed all along.

If you can't generate an emergency fund without accessing the trust, the emergency fund AND the trust are going to be gone within a year.

Starts with her boyfriend lol. She clearly doesn't know the terms of the trust. Guarantee there are terms being violated which give them on the authority not to give her the money. But her and her boyfriend want to find a way to get it. Something about the way she was talking, I think Dave caught on to this too, tells me there's much more going on here and this girl may be behaving your responsibly

Oh my God I just hate it when this happens! So relatable!

So it's more of a distrust fund then

This is a trust issue!

Kid does not sound bright but it’s her money …

She has no clue of the terms of the trust. The trust probably states she had to get a bachelor's degree that's why she couldn't use the money for school. Since she didn't the age she receives the money would be higher than 21. Poor child is clueless.

The caller sounds really immature. Beginning with “me and my boyfriend” is all I need to know. Mom probably wants her to grow up first.

lawyer will take a chunk of the money. Better to settle amicably

Me and my boyfriend figured it out. Mom thinks I'm gonna be stupid. There is a whole story here.

She said that she hasn't even read the whole trust. So maybe she needs to do that.

Yes! You need to go hire an attorney! And you need to pay him more than the stupid $30K trust is worth to begin with.

I was working in a tailor shop and a man (probably in his fifties) came in and had some dress pants and sport coats fitted. Not really nice clothes, they looked second-hand. Told us how he was going on a cruise for ballroom dancers and because he was a man (and men are *always* needed for dance cruises) he was getting a great deal on the price. (I used to dance, and in fact this is true.) We came up with the total for his bill, and at that point he has to make a phone call. There's a trust - and he needs permission from his sister to spend the money to get his clothes altered. He had to to some convincing, too, it sounded like sister was not on board with it at first. I'm guessing since he didn't even have money to alter his own clothes, he had probably made a habit of working as little as possible.

Don't know all the details, but it could be that the mom is concerned that once this money is in the control of her daughter then the daughter's boyfriend would have a little more influence on this money and who's to say that this boyfriend not a spouse or even fiance, but just a boyfriend could have physical access and or influence on this money and could possibly disappear into the night with a good bit of it if not all of it. At the beginning of the video it sounds like this young boyfriend and girlfriend are heavily involved at working together with money even though their relationship is nothing more at this point than serious friends.

If the holder of the funds is telling her that her mother needs to sign the money over to her, then it sounds like the account/trust is in both names, for the benefit of the daughter. That's why mom's signature is required for her to get those funds. Also, what college degree costs $5,000? Everything coming out of the daughter's mouth seems "off" as far as being accurate information.

Sometimes you gotta let kids be stupid so they learn

Good for mom, don’t let that slimey boyfriend get his hands on this trust money

Is it worth having lifelong conflict with her mother. She needs to think about this.

I'm wondering if there's anything left in the trust. It wouldn't be the first time a successor trustee raided a trust.

I’ll say this. If it is true that the money should be hers and not in the hands on the mother, she should do as Dave says and get a lawyer. Do I think she will probably blow it with her “boyfriend” ? Probably, but that’s her problem to deal with! Some of these parent have control issues and don’t know how to let go! I seen it with some of my friends growing up!

Can I open a trust fund for my kid and not tell him until I make sure he doesnt grow up to be an idiot?

She can talk to the attorney and see if they can get the trust instrument which will disclose everything. After it has changed I'd keep it at the same fiduciary, put myself as trustee and put everything in it. Save the emergency fund from earnings. When you have kids add them as beneficiaries and the grandchildren as contingency beneficiaries.

Wise mom.

Lol the caller sounds like Janelle from MTVs teen mom .. which would make sense to me weirdly enough 🤷🏻‍♀️

She shouldn’t even let the bf know she has any money coming

I like listening to Dave, but my criticism is that he sometimes doesn't listen to what the caller is saying and iterrupts them and then uses that misheard information to go in a misguided direction.

She has no idea what it is or what it says. Get a lawyer to explain all her options.

I know a brother and sister that had to come face to face with their mother who would not give them their money. This money was legally theirs to have but the mother refused to give it to them. This mother was a money hoarder and could care less about her children's financial well-being.

She gonna mess up the money..🤣

She sounds entitled.

Her and her boyfriend. Just want to go party for a couple weekends. That money will be gone before you can even count to 10.