Son's savings account - I'm trustee

3 posts Page 1 of 1
Post Reply
 
 

single_mum

User avatar
Posts: 82
Joined: Thu Jul 17, 2008 8:15 pm
Location: United Kingdom
Post by single_mum » Thu Jul 17, 2008 8:26 pm
Quote
hi - me again, just thought of something else... My son (age 7) has a savings account with Abbey [one of my creditors] which I'm signatory and trustee on. Will I have to relinquish my trustee status on this account, and even move it to another bank/building society?
Many thanks
The best thing I ever did - at last I'm in control!
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Thu Jul 17, 2008 8:43 pm
Quote
If you are thinking of entering into an IVA, your son's account will be safe from your creditors and you can continue to act as a Trustee.
Regards, Melanie Giles, Insolvency Practitioner
Top
 
 

single_mum

User avatar
Posts: 82
Joined: Thu Jul 17, 2008 8:15 pm
Location: United Kingdom
Post by single_mum » Thu Jul 17, 2008 10:08 pm
Quote
Thanks ever so much for the advice
The best thing I ever did - at last I'm in control!
Top
Post Reply
3 posts Page 1 of 1
Return to “postings for july”