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hello,
I'm a single mom who receives childs support. I have people in my life who have ability to assess my finances via my ss# here in texas. Is there any place I could save this money,let it grow for future college and other things for kids . without people being able to check for any accounts I might have under my name, and ss#.? thank you very much.
I joined something called the tuition account program 20 years ago TAP I was able to save 5$ or what ever I could afford and I was actually buying college credits to be used now.. I could send them any$ I could afford for that week its amazing how it adds up.
Also the price I paid back then buys alot more than today.. Thats a PA program look around.
First who is 'checking" and why. I know of ways to put money away, but if you are trying to cheat someone it would be illegal. It will help ifyou would tell us what this is about
I've tried saving money , in bank and in safe at home. But in relationship i'm in, lets say it's not the best, but all and all, I'm not tryin to cheat anyone,Just trying to plan for my four kids future. and if i dont get money out of site. It will be blown on junk, I'm a penny pincher. Other person in my life has beer drinking problem, most of his money goes to that. And if he knew exactly how much kids dad payed. He would just blow more. I'm on disability, I was a otr driver for while. I was in the texas department of corrections , working , when i was hurt. deathrow prison guard. I know i dont need to be in bad relationship. I need help in placing money in right places for right reasons , or my kids dont stand chance , one wants to be baby doc , and one wants to be vet, my twin boys aren't sure yet
Create a living trust and fund it. Nobody will find out about it except the beneficiary trustee. It has other benefits too, like the money will pass directly to your kids without your estate being probated.
You can buy some software that will do it for around $50, or you can see an attorney. A lawyer will probably charge $250.
You could open Uniformed Gift to Minors Accounts for the kids with you as the custodian - that way the money goes in your kids' names and SS numbers, and they are assured of having it when they reach the age of majority. Legally this money belongs to the child and must be used only for the welfare of the child, so you can tap into it for things like tuition payments down the road. It would then not be available to buy beer.
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