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protecting my sister's money
Comments
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I must have missed something - why do they have to give the money to you? Cant they put it in a separate account themselves if they want to? If they give it to you and you die it could take many months for them to recover it.0
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Money. Family.
Dynamite.
Focus on maintaining a rock solid relationship with sister. Money comes & goes & can be protected by the Govt. Family rows can last Much longer than governments.0 -
Malthusian wrote: »This is totally unnecessary. If the bank went tits up your sister would be fully compensated by the Financial Services Compensation Scheme unless she had more than £1 million in the bank.
Only for a maximum of six months - which could easily be exceeded if they are planning on renting a flat before buying again.0 -
NS&I offer accounts that protect up to £2 million. Rather than coming up with some half brained scheme simply suggest that as an option to them and leave well alone.0
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