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Posts Tagged ‘child’

Uncategorized, attorney, bankruptcy, law

April 25, 2010

How To Protect Gift Of Money To Child: Totten Trust Or Uniform Gift To Minors Account

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A client established several years ago a bank account to save for his children's education. The bank opened the account as a Totten Trust. The client said he knew his kids' account was protected from judgment creditors because I had stated, somewhere on my website, that bank accounts established for children is exempt. I responded that regardless of what he read the proper way to protect children's money from your creditors is by setting up a bank account under the Uniform Gift to Minors Act (UTMA) rather than a Totten Trust

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How To Protect Gift Of Money To Child: Totten Trust Or Uniform Gift To Minors Account

Lawyer, Uncategorized, attorney, bankruptcy, law

February 26, 2010

Are Legal Fees For Visitation Cases Protected As DSOs?

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Bankruptcy law generally prevents the discharge of a debt that is in the nature of support (like child support or alimony) as a “domestic support obligation.” This principle has been extended to protect legal fees charged to an opposing party during litigation over these issues as well. What about legal fees over a visitation fight? An Oklahoma district court judge doesn't think so. In this case, the grandparents of a child had sued to obtain visitation from the mother

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Are Legal Fees For Visitation Cases Protected As DSOs?