Page 1 of 1
Is my daughters savings account safe?
Posted: Sat Mar 13, 2021 6:28 am
by kim132
My daughters (1 1/2 years) savings account is linked to my account. Are the Insolvency practitioner entitled to any of her money?
Thanks
Re: <t>Is my daughters savings account safe?</t>
Posted: Sat Mar 13, 2021 9:42 am
by kallis3
If the account is in her name it should be ok - if not think about opening a new one for her.
Re: <t>Is my daughters savings account safe?</t>
Posted: Sat Mar 13, 2021 11:09 am
by Foggy
As Kallis says, if the account is in her name, even though you are the trustee, the money is hers and cannot be touched. However, if she is a millionaire, there might be questions !