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Getting Access to a Savings Account

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TheZoo111
TheZoo111 Posts: 1 Newbie
edited 27 September 2009 at 10:24AM in Savings & investments
Help! I am new to MSE so not sure if this is the right place to post this message.

An 18 year oild friend (girl) has a savings account, set up by a grandparent, where the mother is a trustee.

The problem is that the mother has thrown the girl out of the family home and wants nothing further to do with them. The girl has found lodgings and needs to buy the essentials to set up there new accommodation.

Because the mother wants wnothing further to do with her daughter she won't go with her to sign the account over fully to the girl.

What, if anything can be done so that she can get at her money.

Thanks

Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    edited 27 September 2009 at 2:46PM
    She needs to make peace with her mother or spend a fortune on solicitors to get a court to order her mother to sign the funds over.

    If the mother, as trustee, says "she can have the money when I'm confident it will be used appropriately" she will, in my unqualified view, be acting legally.

    If the mother spends it on something not in the beneficial interest of the child then that would be an illegal appropriation of the funds.

    I don't think this is going to be a quick or easy source of money for your friend. So she is probably best forgetting about it until peace is made or Mum pops her clogs.
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