Sons RESP considered an asset?

February 21st, 2012 by Questions

If I were to seek advise for my financial hardships would my sons RESP be up for grabs?

Posted from: Ontario

Questions

One Response to “Sons RESP considered an asset?”


February 21, 2012 at 1:55 pm, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

If you are asking whether or not an RESP is an exempt asset or whether it is an asset that is available to your creditors. The answer is the latter, RESP funds remain property of the parent until they are paid out to the child when they are attending a post secondary institution.

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