The Moneyist: ‘This has bugged me all my life’: My estranged father gave me $1,000 a month to buy a house in California. My brother cried foul, and told me to stop. Who’s right?

by | Jan 26, 2023 | Stock Market

Dear Quentin, This has bugged me all my life. My father left my family when I was 7. I’m not sure how much in child support he paid my mother. Soon after I graduated college, he visited me for the first time since he left the family. He told me that he wanted to send me money each month to eventually purchase a house in the U.S. that would belong to the family. He started sending me payments of $1,000 a month to a joint bank account. I felt obligated to inform the rest of my family — my three siblings and my mother.  

“‘This happened in 1992 in Los Angeles, and I can just imagine a $150,000 house back then would be worth $1 million today.’”

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