Legal Question in Family Law in California
Protecting a minor childs assets
What is the best route to go with an account for a child, where the parents are not owners of the account, but are only signers or custodians. Would it be necessary to first open a trust? What about an UTMA account?
Asked on 12/23/03, 1:42 pm
1 Answer from Attorneys
Lyle Johnson
Bedi and Johnson Attorneys at Law
Re: Protecting a minor childs assets
Your question is more in the area of wills and trusts, than family law. If there is a section on wills and trusts submit the question there. Include more facts such as the purpose of the transfer and the amount, an approximate amount such as less the $10,000 or more than some amount.
Answered on 12/28/03, 4:25 pm
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