We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Child savings
lyndsey7492
Posts: 1 Newbie
Hi i would like some advise i have got to open my daughter an account that she cannot touch until she is 18 were no one is a trustee on the account its for compensation its for a decent amount its to much for a isa account but the judge wont release funds until its in an account that no one can take out anything until she is 18 thank you x
0
Comments
-
This doesn't make sense.
The money cannot be released to a non JISA account in the name of the child (how old is the child)?
The money cannot be released into an account in the name of a Trustee to hold in bare trust for the child.
The only answer seem to be for the money to be held by the court and released year by year into a JISA?
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.7K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.6K Spending & Discounts
- 245.8K Work, Benefits & Business
- 601.8K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 37.7K Read-Only Boards