Is it worth investing?
JD asked:
I have recently had my first child and I am setting up a child trust fund for him. One option is to put the money into a share hold account where a reputable bank invests the money into shares.
My question is - is it is worth pursuing this course with the current economical turmoil?
expertpaintball.com
Filed Under Investing | 5 Comments
Which is better - Child Trust Fund - or regular bank account?
savona_winds asked:
Hi,
I’m expecting a baby - can you tell me which is a better deal?
Do I open a Child Trust Fund? The govt gives me £250 then I can put in £1200 a year - tax free - for 18 years and the money is locked in with no interest.
OR
Just open a regular bank account (I can be very disciplined with payments), earn interest, but pay tax.
Appreciate your time,
L.
How to keep your domain registration private?
Filed Under Personal Finance | 1 Comment
I loathe myself for being so indulgent, why?
sarani2 asked:
Lets say im a trust fund child for example, I spent nearly 100,000 dollars this year alone. I recently cut the habits out. I have quite massive amounts left and I hate having this money. How do I live with having money? I dont deserve it. Ive bought everything under the sun, luxury cars, vacations, fine watches and jewelry. I have it all and dont know where to go from here. How do I ever get out of this mess?
Radiology schools
Help!
Filed Under Other - Society & Culture | 2 Comments
Trust Funds / Tax Advantages?
babbles asked:
What are the advantages of putting your assets into a trust fund, say with your kids names on the accounts. Can you put your house in a trust too? Do people do this for tax advantages or is it to make your assets pass to your children’s hands easier if you die?
Joel
Get paid for surveys from the comfort of your home
Filed Under Personal Finance | 1 Comment
Is it legal to drain your child’s trust fund?
Catherine asked:
Lets say there was a $20 million trust fund set up for a child, so when she turned 25 years old, she would obtain the money.
If the child’s parents went into bankruptcy, could they drain their child’s trust fund?
Filed Under Law & Ethics | 2 Comments
How do I set up a trust fund for my children?
Jujubee asked:
I am wondering how to set up a trust fund for my children in the event of my death. I am writing my will and it includes a section for trust, but it only entails what age disbursement occurs. I want to allow it to be used only for education up to a certain age and then disbursed after a certain age if any remains. Does anyone know how this would be worded?
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How do i find a trust fund set up my dad for my stepmother going to the children upon her death?
daniel p asked:
I was told that there is a trust fund set up in mobile alabama in my stepmother’s name which is in her name how do i look for it
Filed Under Personal Finance | 1 Comment
Child Support problems and issues; did the court (lawyer or case worker) explain these things to you?
Yvette B yvetteb asked:
Child support Calculator, problems and issues; did the court (lawyer or case worker) explain these things to you? They are supposed to explain these things to you at court. How many of you are explained to about these things? The honor system doesn’t work. Its proven ineffective. Its child SUPPORT, not child TRUST FUND. All of our states are tired of paying for children that the parent (male or female) doesn’t pay for.ARREARS: arrears will follow them, no matter what they do.their wages are attached (then some suddenly become ‘laid off’ or work under the table [money is their God]). Once it reaches a certain amount, Its listed on their credit report, their tax refunds (state and federal) are intercepted, drivers license taken away, their property can have a lien put on it, and they are put in jail for small periods of time (released for a small portion) etc. if he tries to run over state line to avoid child support, its now a federal offense. HAS ANYONE explained things to you? Who?
http://www.wantedposters.com/deadbeats_usa_a_to_f.htm
http://www.deadbeatjustice.com/list.htm
http://www.divorcelawinfo.com/
http://www.divorcelawinfo.com/calculators.htm
http://www.divorcehq.com/deadbeat.html
http://www.acf.dhhs.gov/programs/cse/
http://www.acf.hhs.gov/programs/region2/index.html
http://www.supportkids.com/
http://www.supportcollectors.com/faq.php
its not a statement, i WANT TO KNOW how many courts have explained it?
the honor system sure doesnt work.
Filed Under Marriage & Divorce | 3 Comments
Lawyers Please Interpret Wording in Deceased’s Trust Fund:?
enola gniyd asked:
“Notwithstanding any prior provision hereof,at the end of 21 years after the death of the last to die of all of my descendants living at my death,the Trustee shall distribute each trust then held to the beneficiary thereof.”
ok,my grandfather had three children,15 grandchildren and 14 great grandchildren at the time of his death … does that sentence pertain to the last to die of all of his descendants or just to his 3 children ??
also before this was this portion :
second:On the death of “my father”
,my Trustee shall distribute the trust principal and any accrued or undistributed income to the children of “my father”, per stirpes
(my father’s name was where I put “my father” so the trust was talking about my grandfathers son ,not my grandfathers father ….. just to hopefully prevent some of the wise cracks … lol …..
does the perp 21 over rule the clause saying the trust principal is to be disrtibuted upon my fathers death ???
Filed Under Law & Ethics | 5 Comments
Where do i go to open up a child trust fund in NYC?
Still Halloween asked:
Do i go to any bank? Any sites would be helpful!
My son was in a commercial for the company i work for, but before they can pay me for it, i need to open up a trust fund so that part of the money can go there. So I will just be opening the fund for that reason, i don’t plan to add money or anything since i already have an ING account for him. Thanks for the help.
Filed Under Personal Finance | 1 Comment
Any advice on where i can invest my baby’s child trust fund?
amberxx asked:
Ideally i don’t want it attached to stocks and shares but would like a high interest rate, i would also like to be able to make regular payments into the account. I don’t want my child to be able to touch the money till he or she is 18. Baby is due this week, just planning ahead.
Filed Under Investing | 1 Comment
Monthly amount into a uk child trust fund?
e.l.a asked:
I’m just about to open a child trust fund with my bank. My husband and i were going to pay in about £50 a month by direct debit. If circumstances change can you alter the amount or do you have to stick to that amount? Thanks.
Filed Under Personal Finance | 2 Comments
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