protecting my sister's money

Linton

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.

DigForVictory

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.

chris_m

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.

agrinnall

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.