Daughter's Insurance Money?

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davram1967

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Post by davram1967 » Fri Jun 27, 2008 10:24 am
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Hi all.

Quick question. My daughter has an insurance policy that was taken out by her Gran when she was born. It matures on her 15th birthday in August and is going to be around £2000. My question is, as we are just starting the IVA process, is this money safe, as it is my daughter's? I would hate for her to lose this money because of our situation. It would go into her own account and be nothing to do with us, but is it classed as money coming into the household?
Thanks.
Carl.

If you think nobody cares whether you're alive or dead, try missing a couple of credit card payments!!!
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caraf

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Post by caraf » Fri Jun 27, 2008 10:27 am
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Hi
I had the same question when I was going through the IVA process I had 2 policies for my 2 daughters to mature when they were 18. But I was allowed to keep them and let them have their own money
hope this helps
carol
x
53 down 7 to go !!
Cant wait till December 2012
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MelanieGiles

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Post by MelanieGiles » Fri Jun 27, 2008 11:18 am
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Your daughter's money is safe Davram.
Regards, Melanie Giles, Insolvency Practitioner
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davram1967

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Post by davram1967 » Fri Jun 27, 2008 11:27 am
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Thanks Melanie & Carol.

Very relieved.
Carl.

If you think nobody cares whether you're alive or dead, try missing a couple of credit card payments!!!
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