Is it possible to open an account in my (minor) child's name and me as secondary? And would this shield me from garnishments?

Thanks

Quote:

---

Originally Posted by SOULO

Is it possible to open an account in my (minor) child's name and me as secondary? And would this shield me from garnishments?

Thanks

---

You can have a joint account with your minor child, but it will be no help if you are garnished, unless it is funded with 'exempt' income, i.e. social security, workers comp, etc. The account will not be garnished unless you provide a creditor with the name of the bank.