Can a verdict creditor freeze a custodial vindication contained by NY? Anyone know??


Anyone know??

Answers:    If a custodial account is beneath the minor's SSN, then I would hold to say no.
Is the decision against the minor under the age of 18-21 (depending on state legislation)? Or is the verdict against the adult i.e. managing the account? I'm going to assume that the ruling is against the manager of the depiction.
When a party owns decriminalized title but not beneficial ownership that is, when they hold an asset lone as trustees the asset generally cannot be frozen due to a verdict against the trustees.
However, if the party who have the existing judgment against them is not required by trust or contract to use the funds for the benefit of the child, and the name of the child is not on the account, the report is property owned by the parties. In this bag; yes, the account can possibly be frozen if in that is a judgment. So it would adjectives depend upon how the account is set up.
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