What Made you Smile/What Ticked you off Today?

[MrPopo]

Its private stock, the account has him as a custodian, I tried to get him removed on my own but was basically told "you need his okay to remove his name" and he won't give that, or give me the time of day.

I don't understand this. If it was legally yours at 18, why wouldn't they have to do this?

We need some sort of pfsl_gmr signal to summon him for questions like this.

[AmishSamurai]

Its private stock, the account has him as a custodian, I tried to get him removed on my own but was basically told "you need his okay to remove his name" and he won't give that, or give me the time of day.

I don't understand this. If it was legally yours at 18, why wouldn't they have to do this?

I don't understand a lot of the legal shit either. Either it hasn't been explained to me properly, there's more to it, or something. Just last time I tried to get his name off the stocks I couldn't.

[Michi]

Its private stock, the account has him as a custodian, I tried to get him removed on my own but was basically told "you need his okay to remove his name" and he won't give that, or give me the time of day.

I don't understand this. If it was legally yours at 18, why wouldn't they have to do this?

We need some sort of pfsl_gmr signal to summon him for questions like this.

Quick! Someone think of a unknown, quirky Wii game he has yet to acquire and post about it in the Nintendo thread!

[Sload Soap]

He'll usually turn up if someone is having a problem understanding how supply and demand works.

I'll give it a go.
*cough*

WHAT'S WITH THESE N64 PRICES THESE DAYS? THAT SHIT IS OLD AND SHOULD COST NO MORE THAN £5 EVEN FOR A CIB OGRE BATTLE, AMIRITE? ELITISTS AND FLIPPERS PRICING US GAMERS OUT OF THE HOBBY.

And now we wait.

[prfsnl_gmr]

Either it hasn't been explained to me properly, there's more to it, or something. Just last time I tried to get his name off the stocks I couldn't.

The stocks are probably held in some sort of testamentary trust or custodial account, of which you are the beneficiary and your father is the trustee or custodian.

I am obviously not familiar with the terms of the particular trust or custodial account at issue, but trustees and custodians generally have broad authority to distribute and manage the assets held in a trust or custodial account. Moreover, assets held in testamentary trusts or custodial accounts typically do not become the sole property of the beneficiary when he or she turns 18. (For example - and if I recall correctly - the testamentary trust established by my will would distribute some of its assets to my children when they turn 25 and the remainder of the assets when they turn 30.) Accordingly - and although I am not familiar with the terms of the trust or custodial account at issue - it is unlikely that the stocks held in your grandfather's testamentary trust or custodial account became "yours" when you turned 18 (i.e., they likely remainded the trust or custodial account's property).

That said, trustees and custodians (such as your father) owe beneficiaries (such as you) fiduciary duties, and therefore, they cannot steal or waste the assets held in a trust or custodial account. Accordingly, if you suspect that your father is wasting or stealing assets from a trust or custodial account established for your benefit, you should consult with an attorney to assess your options (and learn more about the trust or custodial account at issue). Be warned, however, that fighting over trust assets can be difficult and (very) expensive, and depending on the amount held in the trust or custodial account, the best result in a fight over trust or custodial account assets is often a Phyrric victory.

Quick! Someone think of a unknown, quirky Wii game he has yet to acquire and post about it in the Nintendo thread!

...like Doctor Fizzwizzle's Animal Rescue or Veggy World? I can't find those anywhere!

WHAT'S WITH THESE N64 PRICES THESE DAYS? THAT SHIT IS OLD AND SHOULD COST NO MORE THAN £5 EVEN FOR A CIB OGRE BATTLE, AMIRITE? ELITISTS AND FLIPPERS PRICING US GAMERS OUT OF THE HOBBY.

Again?! <sigh> I really do need to start a dedicated supply-and-demand thread at some point... (Also, did you know that used cart-only copies fo GoldenEye sell for $18-$20 now?! How crazy is that!)

[dsheinem]

sexy legalese

ohhhh when you speak that language!

[prfsnl_gmr]

I can do this all day. (In fact, I very often do spend the majority of my waking hours distributing legal advice and writing "sexy legalese".)

[dsheinem]

I can do this all day. (In fact, I very often do spend the majority of my waking hours distributing legal advice and writing "sexy legalese".)

DO GO ON

[prfsnl_gmr]

Sorry, honey. I get paid for that.

[samsonlonghair]

Be warned, however, that fighting over trust assets can be difficult and (very) expensive, and depending on the amount held in the trust or custodial account, the best result in a fight over trust or custodial account assets is often a Phyrric victory.

Thanks, now I'm going to waste my whole day looking up more Greek history on wikipedia.
Why must I be so easily distracte... hey look, a bird!