7 posts shown.
I couldn't agree more! It would have been common sense for the bank to give me a heads-up about the new legislation—but then again, if they had, I probably would have just withdrawn my funds, which is exactly what they want to avoid, isn't it? Honestly, how realistic do you all think it is that I'll actually be able to get my hands on that money? Does anyone here have any insight on this?
granitetinker11 said:IGNORANTIA IURIS NOCET—ignorance of the law is no excuse.
I'm not entirely sure I follow your logic here. Are you suggesting that I should have somehow intuitively known about a change in the law through some sort of psychic intuition???
Patrick Collins4 said:Bank of America wasn't obligated to notify you about the change in legislation, since they aren't the ones who write the laws. As for accessing the funds, you can get to them, but only once you have a resolution from the Department of Social Services.
But then, who exactly was supposed to keep me in the loop? The government? Someone has to take responsibility here, doesn't someone?
The real issue here is that the Department of Social Services creates massive hurdles for even the smallest things—like trying to get funding for a computer, for instance. I'm curious, has anyone else dealt with this kind of red tape lately?
I’ve been scrolling through various comments lately, and it seems like quite a few people are claiming they’re running into massive hurdles with the DSS—to the point where, in some instances, accessing the funds feels practically impossible. Given my specific situation—building our shared home—do you think the process would actually go through smoothly enough for me to receive the full amount? And does anyone happen to have an idea of how long a procedure like this might actually take?
Do you think I can access the full amount at once, or am I limited to the standard $333 monthly allowance?
I really need some advice here!!!
A few years back, I came into a significant inheritance. I kept one portion in my own savings account, but I took about $33 and placed it into a dedicated savings account for my daughter (who is 7 now) and set it aside there. Since I’m a single mom living with my mother—and let's just say we aren't exactly on the best terms right now—I decided the smartest move would be to use those funds to finally build a house of my own. But here’s the catch: the laws have changed in the meantime, and now I’m being told I can't touch a single cent from my daughter's account until she turns 18. At that point,
the money becomes hers to access.
The reality is, I desperately need those funds to break ground on the house. My situation is pretty urgent; I’m essentially facing having to move out of my mother's place, and if I can't access this money, I’ll be forced into renting. Instead of investing our savings into building equity in a home, I'll be bleeding money on rent just to have a roof over our heads. So, my first question is: is the law actually this rigid? Is it truly impossible for me to access those funds under these circumstances?
My second question concerns the bank. Was Chase legally obligated to notify me about these changes in regulation? And more importantly, is there any actual ground for a lawsuit against them? It seems fundamentally logical that, as her legal guardian, I should have been kept in the loop regarding the status of the funds in my minor daughter's account, wouldn't you agree?
I would truly appreciate any insight you all might have!