| T O P I C R E V I E W |
| singingsister |
Posted - 11 November 2011 : 10:59:58
I'm currently filling in the relevant BR forms and have a question about my daughters savings account for which I am trustee.
What will happen to these accounts?
She has her child trust fund account with Nationwide and a savings account with Halifax (which doesn't have much money in).
The OR can't take this money can they? It was money that was given to our daughter when she was born, and we've used it to buy her clothes, toys etc.
Also, do I just add these to the accounts part of the form?
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| 5 L A T E S T R E P L I E S (Newest First) |
| ddonna |
Posted - 11 November 2011 : 13:11:35
We have a child trust fund for our youngest and the OR was not interested in it.
Hope this helps
Good luck x
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| debtinfo |
Posted - 11 November 2011 : 12:38:57
I don't think you have any problems there then, maybe just the need to find a new. Home if the bank are funny about it |
| Niobe |
Posted - 11 November 2011 : 11:29:03
I wouldn't think that the child trust fund can be touched as it is specifically for the child.
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
Jan
xxx |
| singingsister |
Posted - 11 November 2011 : 11:27:57
Hi
The Child Trust Fund is the £250 from the government when she was born, and as far as I know - it can't be touched until she's 18 - so I would hope the OR won't touch it.
As for her Halifax account - she's probably only got about £30 in there as we've used the money to buy her things (tough times  ). Nothing was bought recently (probably this time last year) so it won't look "dodgy".
And I am pretty sure I'm a trustee as in the address window of all the letters it says my name then Tee for and then my daughters name. |
| debtinfo |
Posted - 11 November 2011 : 11:21:19
As long as you are only the trustee for the accounts and not a joint holder then the money is safe,
However from a logistical point of view you may find that because of your bankrupt status the bank will close the account meaning you will need to find somewhere else to put the money.
One other thing. i should mention although I doubt that it applies to you. If you had for instance paid a large sum of money into your child's account shortly before bankruptcy, basically to stop it being taken off you, then that would be recoverable by the trustee of the bankruptcy |
