Premium bonds win

Haddenham35

I was brought up with the same deal that I would have split big winnings with my sister, and that never caused any issue or challenge as I love her and care for her. So hopefully my sons will also love and care for one another.

Enzo_L

https://forums.moneysavingexpert.com/discussion/comment/81918126#Comment_81918126

You'll "make your own call on the moral / legal questions" ?

Any other thief could say that to justify to themselves what they're doing.

To be perfectly clear: you are stealing one child's money in order to give it to another child.

If you didn't want the children to have unequal amounts then you should have invested identical sums for them in identical investments. You didn't do that - you chose premium bonds, which always had the potential for an unequal outcome.

Now that outcome has come to pass, you can't equalise the outcome you caused by stealing from your child. You cannot claim the moral high ground - or in your terms "make my own call on the moral / legal questions" - when you're stealing from your own child.

Is that clear enough for you?

Haddenham35

https://forums.moneysavingexpert.com/discussion/comment/81918496#Comment_81918496

wishing you all the best for the future

fuzzzzy

I fully understand the OP wanting to keep things equal for his kids.

If I have learnt anything from this thread it is that I won't be buying premium bonds for my grandkids.

My siblings and I were all bought £5 worth of premium bonds each, about 60 years ago. Luckily none of us has won anything yet!

Haddenham35

https://forums.moneysavingexpert.com/discussion/comment/81918579#Comment_81918579

that's my learning too - that and I'm supposed to run the family like an episode of 'Succession'

Aylesbury_Duck

https://forums.moneysavingexpert.com/discussion/comment/81918496#Comment_81918496

Good grief. While I can see the challenges around the legal aspects of OP's plan and that what they want to do may cause all sorts of problems, your comment is one of the biggest overreactions I have seen on here. Bravo!

Enzo_L

https://forums.moneysavingexpert.com/discussion/comment/81919035#Comment_81919035

No it isn't. It is a response to the OP brushing off the subtler explanations by forum contributors of the inappropriateness of his proposed course of conduct.

Of course you'd already know that if you'd read the whole thread.

Aylesbury_Duck

https://forums.moneysavingexpert.com/discussion/comment/81919047#Comment_81919047

Which I had. And I'm glad to see you've toned things down from your rather hysterical accusation of theft, to it now being inappropriate. Much better.

redpete

I hope I would concentrate on what is right rather than what is legal.

Section62

https://forums.moneysavingexpert.com/discussion/comment/81919123#Comment_81919123

Although I wouldn't have used the word myself, Enzo_L is not wrong. A court would almost certainly interpret it as theft. It is a legally accurate description and in no way "hysterical".

If the thread was about a parent wanting to take the child's money to pay off the mortgage or buy a new car then I doubt any posters here would say that was OK. Would you say that was alright? Taking the money to give to someone else, albeit another child of the family, doesn't make it less unlawful.

It is a fundamental of parental responsibility to respect your child's rights. One of those is the right to posession of assets. The parent's responsibility as a trustee is to uphold that right, no matter how unfair it might feel in relation to another child. When the child is an adult they whould be free to gift the money if they wish.