PDA

View Full Version : Child's money


Ellie
07-02-2003, 12:10 AM
My sister in law opened a bank account in February for my daughter. She is
the person listed as signer on the account so no money can be withdrawn
without her signature. She is going to put money in the account frequently
for different occasions, and I wondered if this money is safe from the
creditors when we file (should she take it out and put it her name?)?

TIA for any help.

Brett Weiss
07-02-2003, 11:51 AM
It is unlikely to be a problem, but you should check with your
attorney.

--
Brett

************************************************** ***************
* Personal Injury/Malpractice Bankruptcy *
* *
* BRETT WEISS, P.C. *
* Attorneys at Law *
* Maryland, D.C. and Federal Bars *
* lawyer@erols.com *
* http://www.erols.com/lawyer *
* *
* Small Business Estates & Estate Planning *
************************************************** ***************

The Small Print: This response is for discussion purposes only. It
isn't meant to be legal advice and you shouldn't treat it as such.
If you want legal advice, speak with a local lawyer familiar with
your state's laws who can review *all* of the facts and the law
applicable to your situation.
************************************************** ***************


"Ellie" <yukkyspam@nospam.com> wrote in message
news:wzvMa.53$Pe.29@fed1read07... My sister in law opened a bank account in February for my
daughter. She is the person listed as signer on the account so no money can be
withdrawn without her signature. She is going to put money in the account
frequently for different occasions, and I wondered if this money is safe
from the creditors when we file (should she take it out and put it her
name?)? TIA for any help.

* Find more information on Business Bankruptcy Laws.
Complete Labor Law Poster for $24.95
from www.LaborLawCenter.com, includes
State, Federal, & OSHA posting requirements