Family Feud Over College Fund: Who Should Hold The Reins?

We’ve all heard the saying, ‘No good deed goes unpunished,’ right? Well, one well-intentioned aunt found herself in the middle of a family feud when she proposed a college fund for her sister’s children. Her intentions were noble, but her plans were met with resistance and accusations. Let’s dive into this drama-filled tale.

The Noble Plan

A Better Gift ➡️

The Proposal

The Opposition ️

Standing Her Ground

The Motive Behind the Madness

The True Goal

The Counter-Proposal

A Change of Plans

The Accusations Fly ️

Name-Calling and Blame ️

Caught in the Crossfire: A Family’s Battle Over a College Fund

In a whirlwind of family drama, one aunt’s noble idea to secure her nephews’ future education spirals into a heated debate. Her proposal to open a college fund for her sister’s kids was met with resistance and accusations. Despite her intentions to ensure the money spent on the kids was put to good use, her plan was misconstrued, leading to a family feud. Accused of not trusting her sister and intending to run off with the money, the aunt found herself in the hot seat. Let’s see what the internet thinks of this complicated situation…

NTA, start the account in secret and avoid unnecessary drama

“NTA and don’t hesitate to own your reason: ‘No, I don’t trust you, not even a little bit. I’m not obliged to give your children anything, however if I do decide to contribute to their future, it will be under my terms and within my control’. Make no apologies. Furthermore, never give your sister or her partner the slightest hint of the value of your savings. The guilt of ‘we need that money now’ is not worth it. Keep your answers neutral with ‘that depends on the value of the fund’ or ‘it’s a surprise for kid when they come of age'”

NTA: Keep the money hidden from sister and ‘daddies’.

“Funny how people project their crap onto others.”

Sibling trust issues? NAH. Let’s talk about happy investing!

Divorce over money: Bonds ignited marital turmoil, economic freedom after

Trust issues with sister managing college fund. NTA.

Open savings accounts for them anyway under your name.

Trust your gut and set up your own account

Secretly open a college fund to avoid draining the account

NTA. Take control of the college fund and avoid drama.

NTA, take control of the college funds and protect the kids

Buying savings bonds for niece: SIL complains, misses the point. NTA.

Start saving for the future! NTA, open a custodial account

Generous NTA wants to surprise nieces and nephews with college funds

Parents accused of stealing college fund. Sister caught in crossfire.

NTA – Don’t trust parents? Set up a secret savings account!

Supportive uncle defends OP’s decision to hold college fund reins

Maintaining control of a gift for niece/nephews is not wrong

NTA: Keep control of the college fund, avoid entitled reactions.

Sneaky move! NTA suggests tricking family into funding education

Grateful parent appreciates college fund gesture with profanity and gratitude

Trust issues and family dynamics over a college fund

NTA. Keep financial info private. Parents scheming for money.

A 529 plan is a better investment option for college.

NTA. Take control, start the account, and shut down discussions.

“NTA: Stand your ground! It’s YOUR money for YOUR kids! “

Accused of wanting to steal college fund. NTA, explain intentions.

NTA. Take control of your money and open separate accounts.

“NTA. You’re looking out for the kids. “

NTA. Open the account anyway and keep it flexible for the kids’ futures.

NTA. Trust issues with family and college fund.

NTA. Family wants money for themselves and are pissed.

NTA. Keep the college fund a secret to protect it

NTA: Keep your savings accounts and 529s under your control.

Take control of the college fund and protect your assets.

Surprise the kids with the college fund at 18!

Secretly open college fund accounts without telling financially messy family.

Financially advantageous to manage college funds for family members.

Generous aunt plans for nieces/nephew’s future.

Generous SIL receives heartfelt thanks for contributing to college fund

NTA, but consider the impact on financial aid and taxes.

NTA: Parents may withdraw college fund despite penalties. No permission needed.

NTA. Secretly save for kids’ future, give less expensive gifts.

Secretly save for kids’ college fund to ensure their education

Secretly setting up college funds for irresponsible sister’s kids

Take control! Open the accounts under your name

NTA. They want access to the college fund. Open your own account for niblings.

NTA. Right decision. Family feud over college fund

Start the college fund early and avoid family feuds.

Parents accused of stealing college fund, take precautions to protect it

Secretly open college fund accounts and surprise your kids!

Smart thinking! Take control of the college fund

NTA, but bf is being paranoid about money. Start an account for kids

Taking control of the college fund to protect the kids’ future

NTA. Create a savings account for the kids and make direct payments to the school. Give them memorable experiences and teach them valuable skills.

NTA. BF projecting his own intentions onto the situation.

Creating a college fund in your name – NTA

Take control of your college fund!

Keep it private and give kids control later. NTA

NTA wants control for a reason!

NTA, but brace yourself for being the ‘boring’ relative ‍♀️

NTA. Set up college fund, control withdrawals, give at 18.

NTA: Family feud over college fund turns into money grab

NTA: Secretly open account, give presents to contribute to fund.

Generous and sensible NTA. Take control of the college fund.

Take control of the college fund and keep it private

Secure college fund for kids, no parental access.

NTA wants to know if 529 plan can be used for non-college expenses. Replies explain the tax penalties.