Any money or savings in your child’s name belong to them and not to you or your ex-partner. But you may need to notify the bank, building society or the government about changes to your circumstances. This article and links look at the different options.
What to do with children’s accounts and savings if you separate
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The process of answering the questions in each agreement builder should help you consider what outcomes are best for your children and both of you. They can form a useful starting point when discussing your situation with your ex-partner or a legal representative such as a solicitor.
How you’re going to be effective co-parents apart is one of the most important things you’ll need to figure out. It can be one of the hardest issues – very emotive. This tool aims to give you a head start to managing this well. It will help you explore your own motivations and emotions, and be curious about where your ex may be coming from and what lies behind their ideas.