SurvivingInfidelity.com^®

I have posted about my ex previously. We are divorced long time ago. He is a litigious type and had taken me to the court before.

I have been thinking of depositing some money with my brother to invest in the name of my daughter. Like to buy property in her name and redevelop etc. The money and the outcome would remain dd’s. Basically he would grow the investment for her over the years and it would be fully hers to have some help to start the life..

Now the question. Am I running a risk ex Legally claiming any of this As his (as her father not part of divorce) before she reaches 18? Yeah unfortunately he is just that kind of person capable Of this kind of stuff

I would advise you to speak to a certified financial planner. S/he can advise you not only about your ex, but about tax and other implications. For example, in many instances, having a “nest egg” for your daughter will reduce her opportunities for financial scholarships. If the money is in your brothers name and not hers, it could be seen as fraud.

A financial planner can advise you on many different avenues to provide for your daughter, such as life insurance, trusts, etc. if you save in your own name, you can gift your daughter a substantial amount of money when she is older.

Definitely look into trusts, with the aid of a good attorney. You can also use a trust to protect your assets from external assault, and to pass property to your heirs without the necessity of probate.

It would be in DD’s name mostly for tax purposes..

There is no chance we would qualify for financial scholarship.. only an academical one..

Yes, need to look into trusts.. the property would be in my birth country not uk and trusts are not commonly used there as there is no tax on inheritance.. so all that planning is little less relevant..

Main concern is x.. if it’s direct ownership by dd - would he have any leg to stand on to say it’s his..