Notifications
Clear all
Scottish Trust Deed Forum
3
Posts
3
Users
0
Reactions
1,130
Views
Topic starter
12/10/2011 7:31 pm
My 14 year old son has a national saving bond which we are the holders of untill he is 16. My son is going on holiday with a friend between Christmas and new year but because of our situation we could not afford to pay his ticket or expences so he is cashing in some of his bonds to pay for it, but because of his age the cheque will be made out to us and will be paid into our bank account as he does not have a bank account of his own yet. So although this money will be paid into our account it does not belong to us and will be taken straight out of our account and given to him, how will the trust look at this.
bcrighton
12/10/2011 8:30 pm
I don't see why there should be a problem, but it is always best to contact your trustee first about this kind of thing I'd say, just so they are kept informed.
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
12/10/2011 10:01 pm
couldn't you just open another basic account for the cheque to be paid into?
