minor banking

[Schvonne]

What rights do a minor have when they have a banking account from a previous lawsuit? If the minor is at a mature age (15-16) and is living with a guardian, (such as a grandmother) who is in charge of the checks and money, is the minor entitled to know what the money is being spent on and is he/she entitled to see the previously used (empty) checkbooks? Please email my answer to: Hot Toy112@aol.com

Thank You,
Schvonne C. Eason

 

[Morning Sun]

If a child is sole person on account, that account belongs to the child. Therefore can not be macon to show what their money is spent on - unless you bring action againt them.

Why wasn't the money put into a trust for the child when they turn 18 or 21?

 

[I AM ALWAYS LIABLE]

What rights do a minor have when they have a banking account from a previous lawsuit? If the minor is at a mature age (15-16) and is living with a guardian, (such as a grandmother) who is in charge of the checks and money, is the minor entitled to know what the money is being spent on and is he/she entitled to see the previously used (empty) checkbooks? Please email my answer to: Hot Toy112@aol.com

Thank You,
Schvonne C. Eason

My response:

Since you never mentioned your State name, I'll answer your question assuming California law.

A custodian must keep records of all transactions with respect to custodial property, including information necessary for the preparation of the minor’s tax returns. The records must be made available for inspection at reasonable intervals by a parent or legal representative of the minor or by the minor if the minor has attained the age of 14 years. [Prob C §3912(e)]

IAAL