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Friend has 15 year old son and wants to put money away until he is 25
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AnotherJoe wrote: »Getting back to the original question, if he wants son to have money at age 25, anything in sons name such as JISA or LISA, doesn't work since son can do what he wants with money at age 18
I spoke with him about that, feels his son can be trusted and will understand the aim of the fund.
Think its a very nice thing to be doing myself.
Thanks for all your help, I have placed the suggestions on paper and will let him make up his own mind0 -
It is nice to hear that!feels his son can be trusted
All to often we get postings about how to prevent access to savings by children when they reach 18.
We trusted our children when 18 and they didnt waste any!0
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