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Protecting savings for kids

  • 27-02-2013 09:58AM
    #1
    oofieblue
    Registered Users, Registered Users 2 Posts: 2 ✭


    I have money in post office bonds (10 year solidarity) that is earmarked for my children's future. It is the proceeds of a redundancy and child benefit I saved when times were better. I am now a single parent on a reduced salary receiving no maintenance and i'm wondering if it is possible to ring-fence the kids' money in an account that the banks can't get at if I have to go for insolvency or approach IBRC about my mortgage. If I just put it in their credit union or post office accounts, is it considered as my assets?
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