Father Mismanaging Money, Selling Gold, and Refusing Transparency – Need Guidance
Note: I first drafted the post and asked AI to format it properly for better reading.
Personal Background
- Age & Marital Status: 31-year-old male, married.
- Living Arrangement:
- Living separately from parents, renting a place with my spouse.
- Parents live in my father’s house.
Reasons for Living Separately
- Financial Demands from Father:
- Before marriage, I provided ₹10,000 per month to my father.
- Additionally, I paid for groceries, cooking gas, and other household expenses.
- After marriage, it became financially impossible to continue this level of support.
- Lack of Financial Transparency:
- My father refuses to share his bank account details, statements, or investment records.
- He constantly claims to have no money for survival.
Current Financial Concerns
- Gold Being Sold:
- My father is selling my mother’s gold, piece by piece, to cover expenses.
- Suspicious Spending:
- I strongly believe my father is spending money on the “Star Maker” app (buying virtual gifts and coins).
- I have transaction screenshots that can serve as proof, but my father doesn’t let me access his mobile.
- He owns four phones that are constantly on charge.
- Shady Property Investment:
- My father spent ₹10 lakh on a dubious property deal using my money.
- Despite providing 12 years of my bank statements to show he took my money, he denies it and refuses to show his bank records for verification.
Long-Term Concerns
- Potential Sale of the House:
- After exhausting the gold, I worry my father will sell the house and squander that money as well.
- If this happens, my parents will be left with no financial security.
Family Dynamics & Mental Health Challenges
- Mother’s Condition:
- My mother has schizophrenia and struggles with depression.
- She always sides with my father, believing his claims and denying he is mismanaging money.
- Impact on Mother’s Mental Health:
- My father’s constant complaints about money worsen her depression and schizophrenia.
What legal option I have to protect the assets and money?