April 25, 2010
Tags: bankruptcy, bankruptcy-attorney, child, children, florida-statute, gifts, jordan, Kids, law, person, totten-trusts, trust
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
Read this article:
How To Protect Gift Of Money To Child: Totten Trust Or Uniform Gift To Minors Account
February 26, 2010
Tags: attorney, child, child-or-former, congress, from-the-mother, grandparents, heaton, issues-as-well, law, Lawyer, protected-group, seen-if-judge
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
Original post:
Are Legal Fees For Visitation Cases Protected As DSOs?