can someone open a bank account for a child without parental concent?

brians_daughter

moneysaymoneydo wrote: »

and i dont see what it has to do with you anyhow?

Urm, if it transpires my study would be in jepody because of this then how can you fail to see what it has to do with me??? or have you not read the whole thread?

brians_daughter

freeasabird wrote: »

CAll me suspicious but is your MIL trying to hide money but keep control of it or she really does want to give her grandson money but keep a firm grip on it i.e. the money comes with strings attached?

I'd tell her to set up her own account for the child and keep you out of it. Does your MIL realise how inconvenient her 'gift' might be?

The hiding money issue has been metioned by various others who i have discussed it with. She is talking of the money being spent with her say so when he is over 21 and only on responsible things - its a long time off him being able to do anything with it yet - which makes the whole thing even more laughable IMO!

moneysaymoneydo

Ok well when you receive the (cant possibly exist) information please print on here i cant believe you actually believe someone else nothing to do with you nor in your name not even for you can have a bearing on your student grant, if my daughter in law ever leaves my son i shall open 3 accounts one for each of their children just so i can get her less of a grant in her degree to be a dr she is currently doing?? what a lot of nonsense!

paddy's_mum

..but as has already been explained (and accepted, I believe) further back in the thread, money or savings of over £3000 in a child's name will have a direct bearing on benefits and allowances, not just a parent's university grant.

Or is brian'sdaughter only allowed to consider her study money and not her whole income?

onlyroz

Aren't there tax implications to having money in a child's name? I.e. you can claim gross interest? So it's certainly advantageous to your mother-in-law to have a large amount of money in your son's name rather than in her name.

I also didn't know that anybody could get a birth certificate for my children without me knowing about it. Is that true?

paddy's_mum

I got one only a year or two ago as part of a genealogy trail. It turned out that the person had been taken under the family's wing and was not a blood relative. Nevertheless, I was able to obtain their birth certificate with no trouble whatever, while that person was still living and with no reference to him for his knowledge or consent.

seven-day-weekend

paddy's_mum wrote: »

Sounds a strange thing to say, I know, but what an obstinate, inconsiderate grandma to be lining up all sorts of complications for you .. because it's what she wants to do.

Why can't it be put into joint names of your son and anyone else (his father, perhaps?) who it would be prudent to have as a trustee? If one assumes that your mother-in-law has a will, who are her executors .. or are you one day going to get a nasty shock when she rides equally roughshod over your views/feelings/commitments/life and unbeknown to you, drops that bundle of responsibility into your lap!

The suggestion that she will go behind your back to get the birth certificate (public record or not) has a decidedly nasty smell to it and in your shoes, I'd be telling her that if she insists on having her own way, there will be repercussions. Is years of hostility and bad feeling with her grandson what she wants? Good luck - but ask yourself questions about her motives. Genuine generosity or a desire to control?

Er.... this 'obstinate and inconsiderate grandma' is giving the OP's son twenty grand. I wish I'd had such an obstinate and inconsiderate relative.

If it is in her name obo the son, I don't see why the OP should even have to mention it on her forms as it is no more her money than any other account the grandma may open.

seven-day-weekend

onlyroz wrote: »

Aren't there tax implications to having money in a child's name? I.e. you can claim gross interest? So it's certainly advantageous to your mother-in-law to have a large amount of money in your son's name rather than in her name.

I also didn't know that anybody could get a birth certificate for my children without me knowing about it. Is that true?

Anybody can get anybody else's Birth Certificate without asking anyone's permission. It's a public document.

paddy's_mum

Seven-day-weekend - I agree with you to a large extent but still question exactly why the account has to be set up in a way that could make difficulties when with just a little discussion and compromise, the same generous gift can be given in a way that doesn't make waves for anybody involved.

As I read it, Grandma is completely unwilling to consider any point of view but her own, despite having had the potential for creating real difficulty for the child's mother pointed out to her.

I think that is, at the very least, thoughtless and inconsiderate of her, despite the generosity of the gift - but as always, I'm happy to accept that others may disagree.

rocketdog_2

Wow - your son is going to have a field day when he hits 18 and can draw it out.....bet she's not thought of that!