Children's saving account

[spull]

My daughter has received a few hundreds pounds via a cheque written out to her personally from a relative's estate. I have paid the money into her account for which I am a signatory as she is under 16. I wanted to ask whether or not this money is safe i.e. I don't have to inform my IP as the cheque and the money is for her and not for me?

[go_4_broke]

Hi spull,

I think your money is perfectly safe. It's not as though the money is yours and you are trying to hide it in your daughters account.

-Best

Please view my blog at www.go4broke.blogs.iva.co.uk

'6 years sticking my head into the Lion's mouth of debt !'

[spull]

Hi go 4 broke,
Thank you for your response. I didn't even think anything of it until I started to read some of the posts on the forum. Being in an IVA makes you slightly paranoid about anything to do with money.You have put my mind at rest.
Cheers spull

[go_4_broke]

You're welcome - I just hope I'm right !

If not I'm sure someone else will be along soon to tell us.

-Best

Please view my blog at www.go4broke.blogs.iva.co.uk

'6 years sticking my head into the Lion's mouth of debt !'

[MelanieGiles]

Your advice is correct, so no need to worry any further.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk