Thursday, December 15, 2011

Child maintenance. Can a savings account be opened for the child?

The child's mother spends all of the money on herself. I want to know if a savings account can be opened. This way, the mother wouldn't be able to get to the childs money and the child can access it when he's older. Please help folks.|||Go to your bank and ask and usually if there is an adult with a name on it you can. I had one when I was little and it got spent on my dentist. It is possible to have one. Just talk to your bank.|||no|||Suggest you go to a bank and ask there.|||yes IT can if you go and see the personal banker at your local bank she or he will be able to help good luck|||Im not sure if you can do this if it is for maintenance, you would really need to see a solicitor. You would probably have to prove that the mum is spending it all on herself, its a very grey area. Maintenance is to help bring the child up, not for when the child is older. I know its difficult when in this situation, been there got the tshirt but not the maintenance.|||not really sure, something that you should look into would be non-agency payments and prescribed payments, things like clothes, school fees etc can be deducted from child support and you are clear where the money is going (any thing you pay for, that they have said can be deducted make sure you get a receipt)





Its nice that your issues aren't paying the money, just what its being spent on, I should be so lucky|||Sure, you can open an account with yourself as another name on the account. Do you want a lot of money in the account when the child turns 18? He can do anything he wants with that money! Including NOT using it for college or even for a car. Perhaps he'll be happy to be able to buy drugs, alcohol or bet on the horses with it! Better yet is to open a 529 plan so that the money has to be used for education. There is plenty of info usually at the bank about such matters.|||unfortunately not, how the recieving parent spends the money is entirely up to them.why dont you just open an account in their names and put a little extra in for them. the only way to ensure they get well looked after is to prove their mother is unfit to look after them %26amp; apply for custody yourself. the idea of maintainence is to help with the up bringing of the children if you can prove the children are being neglected then you should take the appropriate steps|||no child maintenance is paid to the mother to help her look after the child you would have to set up a separate savings account for the child and put your own money into it..unless you can get the mother to agree to maybe put some of the maintenance into the account then theres nothing much you can do|||Generally speaking, matinence money is to be used for the child, but there is no easy way to be sure that is how it is spent. The best the other person can do is ask for an accounting of how the money is used, going through the court systems. Barring that, the paying parent can offer to use the maitnence money to pay directly for child related costs such as daycare, clothing, diapers, food, etc. They can open an account, but it would be in addition to the matience payments, not in place of.|||No one under the age of 18 can have an account without a guardian or custodian. However, under the Uniform Gifts to Minors Act (look up UGMA) you can set aside a trust that no one can touch, is overseen by a trustee, and becomes property of the child when he/she turns 18.|||sure can open one BUT you can have one or both parents names one it that way the other cannot touch the money due to his/her ( parent) name isn't one the account. simple huh talk to a banker and see what they say. but the account does have to have the child's name on it and at least one parent. but instruct the bank to not let the other parent be able to get into the account or it's a wasted effort.|||This is suggested that you visit the bank yourself,


the banker will be in right position to give you one


best solution according to the circumstances.|||of course it can

No comments:

Post a Comment