Bank Accounts

July 9th, 2008 by Questions

I have a savings account for my 2 year old daughter that has my name and hers on it, will that be touched if I file bankruptcy?

Posted from: New Brunswick


One Response to “Bank Accounts”

, A licensed trustee said:

Your daughter’s account should not be affected, but to be safe, I would arrange for the name on the account to be changed to “Parent in trust for daughter” (inserting your name for parent and your daughter’s for daughter).

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)