Today I woke up to my entire savings withdrawn. This is an account that my mother set up for me years ago and I thought she was separated from it as I am the only one that touches that account. I already called the FTB and they said it’s for her and that I don’t have any debts myself.
This post isn’t about getting the money back, more so I’m wanting to know what this means for me, such as: if this affects my credit, getting approved for loans, if I were to be held liable for anything else, etc.
I plan on opening a new savings account and taking myself off of this account. I also plan on calling the FTB tomorrow to make sure they don’t need anything else from me. This just has me worried I might end up having to deal with this later down the line when I’m not at fault at all.
Thank you,
The Franchise Tax Board took money out of a joint savings account I have with my mother
byu/Gotchie intax
Posted by Gotchie
1 Comment
The bank account is just seen as her funds. That’s all. This isn’t about you being liable for her debt, your credit, anything like that. Just that on paper, that money was money that could be taken for her debt.