Thursday, February 9, 2012
Here is a hypothetical: A 14 year old creates a computer program, someone wants to buy it for 500k.
Is the money placed in a parents/guardians bank account until that child is 18?
If so how is that money protected from financially irresponsible parents?
I just wanna know how a case like this is handled.|||Hi, as far as I'm concerned until the kid is 18 parents have a total access all the assets of the kid. When he or she is 18 this person is free to use them according to his wills.
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