Kate Hackett
Guys, I read this AITA post from u/Throwawayveal-9 last night and I have to tell you: I was absolutely floored. I couldn’t believe this kind of person exists; it’s so bad, a part of me really hopes it’s fake.
Join me as we all collectively inhale sharply and whisper, “oh that poor daughter” under our breaths.
OP explains that when the daughter was 12, she lost her father. And OP lost her husband.
I (50F) lost my husband 4 years ago. I also have a 16yo daughter.
The husband was a doctor and OP inherited a VERY nice chunk of money.
My late husband left me everything and told me to trust his lawyer. My husband had worked for 20 years as a doctor and did some minor investing so I inherited over 7 figures.
She listed the home they lived in and moved to the most Expensive City Ever, Malibu, CA. Yeah. Her husband NEVER wanted to buy there – for good reason.
A year later, I decided to list our home of 12 years and received an offer too good to refuse. With the inheritance as well as the influx of cash from selling the house, I decided to move my daughter and I to Malibu because we always dreamed of a home next to the beach but my husband was exceptionally tight fisted and called homes there money pits.
OP, who seems pretty clueless about money, bought the new house because her daughter was excited. Her 13 year old.
We found a beautiful home by the sea. I never personally handled anything regarding buying a home before so I did not anticipate all the extra costs beyond the sticker price.
But my daughter was so excited so I decided to go for it.
The lawyer told her not to do it and was angry with the choice, so OP decided to ignore him. Instead she signed with a “money manager” (DO NOT DO THIS EVER).
My late husband’s lawyer was furious at my decision so I decided stopped taking his calls. I ended up signing with a money manager who said that we’d be passively earning 90 percent of what surgeons earned per year.
And, surprise, they wind up losing a lot of money.
But the money manager ended up tanking a lot of our investments. I took the dwindling money out and made my own investments which made it worse and long story short, because of all that I only have around $35k available to me now., not to mention our debts.
OP is now in trouble …but there’s a college fund!
With the amount available to me, I am looking at only being able to pay 1 month of a mortgage/ upkeep and then I’m basically out of luck until my business gets clients. However, the place where we do have a significant amount of money is the fund my husband started for our daughter. With the money there, I could prevent our credit cards from being shut down, and not have to worry about the mortgage for many more months.
So OP liquidated her child’s future and the daughter is angry. How could OP NOT be the jerk here?
So I ended up liquidating my daughter’s college fund. I told her about it today and she was furious and said she cannot believe all her dad’s work is gone. She also said she won’t be supporting me for retirement. AITA for trying to fix my mistakes and trying to keep our house?
God, I can’t with this story. Reddit was fast and furious with its YTA verdict.
“You decided not to listen to the lawyer, you decided to move to an extremely expensive place, and you decided to trust someone’s shady advice. Now you’re taking away your daughter’s chances of being able to go to college loan-free. That money is not yours. You should be ashamed of yourself,” one person wrote.
Another person wrote, “Hopefully the daughter gets a hold of dad’s lawyer and works to sue you.”
“YTA and also fabulously incompetent with money. You will not keep the dream house: you lack ability to earn enough money or to manage what you have. Raiding her college fund will only delay the inevitable,” pointed out a third Redditor.
