Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Other Money & Services (https://www.askmehelpdesk.com/forumdisplay.php?f=238)
-   -   Bank levy (https://www.askmehelpdesk.com/showthread.php?t=208058)

  • Apr 21, 2008, 08:01 AM
    sofia1226
    Bank levy
    If a bank account is in trust for someone, like a child can a levy be put on that account
  • Apr 21, 2008, 08:03 AM
    ScottGem
    If the debtor is listed as a co-owner of the account it is subject to attachment. But if the account is held in trust then it belongs to the person who its in trust for.
  • Apr 21, 2008, 08:32 AM
    sofia1226
    Thanks for that answer. Here goes another, if the bank account is in only my name now I know they could freeze it, but if I add my sons name to the account, how should I do it so they can't touch it.
  • Apr 21, 2008, 09:58 AM
    ScottGem
    That won't do it. As long as you are a part owner of the account, its attachable. Unless you can prove all the funds in the account were your son's then that won't help.

  • All times are GMT -7. The time now is 09:30 PM.