Saw this on the legal advice subreddit. https://archive.today/6Q97A
The guy is divorced, seven year old daughter. The exwife has primary physical custody, though they have roughly equal time with the kid. Because he makes more money, he pays her $52k each year in child support. And he pays for the girl's health insurance and private school.
The ex has a new boyfriend, also rich, whom she lives with rent-free. Great deal all around for her, right?
No. She wants more!
He had set up an investment account in his daughter's name, with himself as the sole custodian. It already has more than enough money to pay for four years at most colleges. So, of course, the ex-wife wants to be added to the account.
My wife is arguing that the money is not reasonably "for college" because there is already enough money in the account that would be more than enough to pay for college at most schools. So she believes that there is way more money than necessary in the account and that it should be spent on my daughter now rather than later.
My ex-wife doesn't actually want to put money into the account. She will claim she does until she gets access, but then it will just be withdrawals.
The issue is that I do not believe my wife is responsible enough to handle it. If my daughter needs to go to a different school I'll write a check to the school...but I don't want to give my wife unrestricted access to tons of money.
My ex-wife would not spend the money on stuff like private school or tutoring. She would spend money on a nicer car. But frankly a 7 year-old does not benefit anymore from a BMW than she does from a Honda. She would spend money on vacations and the kid would spend the entire time with a sitter at the hotel and not get any value out of it. She would spend money on fancy restaurants when what our kid really needs is healthy balanced meals.
Regarding a middle-class lifestyle...I do not want my daughter to grow up spoiled. I want her to grow up with everything she needs and some things she wants, and learn the value of a dollar so that when she DOES have all this money it does not go to waste. So that is my argument for that.
I'm not normally the one saying "never marry", but damn. If you must marry, stay far away from materialistic whores like that guy's exwife.