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Child savings and more

2 replies

amblers · 30/04/2021 23:35

I'm looking to put some money in an account for my child to access when they are 21. But I don't want my DH to be able to remove it at any stage. He's being irresponsible with money and I don't want my child to suffer. I'm not trying to decrease our joint assets before we split, I think he might be though. I want to help my child. I won't benefit. Any ideas how I might do this?

OP posts:
NoSquirrels · 30/04/2021 23:59

Most child accounts are accessible to them at 18.

As far as I know, if you set an account up in a child’s name, only you and the child can access it. So if your DH wasn’t a named signatory, it would j safe.

Do they already have a Junior ISA?

AttilaTheMeerkat · 01/05/2021 14:44

amblers

I would seek both legal and financial advice before looking into this further. You are in an abusive relationship with your H and you need to plan your exit from this with care and attention; that is your number 1 priority. If you as the children's mother is being abused, your children are also being affected by seeing all this at first hand too.

I would also urge you to post in Relationships too re your relationship with your H.

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