Wouldn't be a Wednesday without a Disney actor suing his legal guardian for some sort of bad parenting.

This week it's Lab Rats star Billy Unger, who says his dad/manager took larger-than-appropriate commissions, stole an additional $400,000 in cash, and spent it all on a girl. The E! report also lists a mysterious life insurance policy that thrusts the Disney afternoon special squarely into Lifetime territory.

Billy claims that he entered an oral contract around Oct. 15, 2013, where his father agreed to serve as not only his talent manager, but also his business and financial advisor.

In the lawsuit filings, the actor states that his father "utterly and completely lacks at all times lacked the skill, knowledge, experience to act either as an entertainment talent manager and or business manager."

Billy specifically claims that over $6,000 was spent on his father's girlfriend's rent and that William used $1,290 of his money to pay a full year premium for a $1 million dollar life insurance policy on Billy's life with only himself listed as the beneficiary.

According to Billy, William intentionally took commissions of over 33 percent, more than double what the industry standard reportedly is.

His father tells TMZ the suit is the result of a "manipulative negative force in [Billy's] life whose sole focus is to administer pain" but did not clarify to whom he was referring—himself, or otherwise.

Image via AP. Contact the author at gabrielle@gawker.com