California  |  Bankruptcy

Legal Question

Asked on: 8/11/00, 2:16 pm

How a bankruptcy affects stock accounts held in custodian minor's name

Need to file bankruptcy. Aunt has invested $20,000 in stock for education of minor children (age 4&5). I am transferring accounts to minor, I am custodian, aunt has power of attorney. Will bankruptcy affect these minor accounts? If so, how should I transfer accounts to protect their education fund?

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