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#1
Jun 15, 2018, 09:07 AM
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Hey guys,
I've had bipolar for a while now (officially diagnosed in May 2016). I was recently in a depression. I went to see a psychiatrist (a new one), who put me on Lithium 450mg and Wellbutrin 300mg, and it seems to have kicked off a manic episode. I've already experienced a manic episode at least twice. So I kind of know what's coming next. One of the things I start to do is invest my money unwisely (ex: throwing 20k into a worthless shell company, paying tens of thousands for business consultants, using a spa as my office, buying 60k of apple hardware, etc). 2 years ago, I managed to spend 250k in about 2-3 months. Needless to say, I had to file for bankruptcy. Even though my manias don't last too long, they cause an incredible amount of damage to me, financially, work-wise, and relationship wise. I have been trying to think of a way to safeguard at least my assets. My ideal solution would be to have somebody independent (a trustee) hold all my assets (cryptocurrency, investment account, cash, 401k). He would have ownership of the assets for a period not exceeding 3 months, with the ability to use the funds only to pay me. Each week, he will give me a stipend, and use his discretion for paying for necessary expenses (doctors, rent, etc). He would be in touch with my psychiatrist and return ownership of the funds as soon as the manic episode is over. Do you know of any service like this or how I could go about setting it up? |
 Skeezyks
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#2
Jun 15, 2018, 01:28 PM
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This is called a Spendthrift Trust.
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#3
Jun 15, 2018, 01:30 PM
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Hello tolibp: Perhaps some other members, here on PC, may have some thoughts with regard to this. My thinking would be it is really something you're going to have to consult an attorney about where you life. My guess is the laws where you live are going to have a significant impact on whether or not this is possible & what the ramifications might be. I noticed, though, this is your first post here on PC. So... welcome to PsychCentral!
 I hope you find PC to be of benefit.  One other forum, here on PC, that may be of interest to you would be the innsurance & finances forum. Here's a link: https://forums.psychcentral.com/insurance-finances/  
__________________
"I may be older but I am not wise / I'm still a child's grown-up disguise / and I never can tell you what you want to know / You will find out as you go." (from: "A Nightengale's Lullaby" - Julie Last) |
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