Childrens Items?

[bridie43]

PHEW!!!!! teenagers are hard to deal with even in pristine conditions I can't even imagine telling them the money will no longer be there for them!

[falken]

So as not to start a new thread I'll tag on to this one.

Both of my daughters have bank accounts set up for them and my dad is the trustee. The girls are not allowed to touch the money until they are 18. Do I have to list these because they are my dependents?

[AngelinaCatHub]

Actually, in your case "bridie43" since this is a trust account, even though your children are minors, Your Dad is the "Owner" as he is a Trustee of an account that cannot be touched by anyone. They will be adults legally at age 18. It is a unique question and I am not a lawyer, but someone will chime in and correct me if I'm wrong.

As to the OP, all the goats have to be counted not half. What a minor owns, the parents are the real owners until age of majority. (except what was mentioned). 'Hub

[bridie43]

So as not to start a new thread I'll tag on to this one.

Both of my daughters have bank accounts set up for them and my dad is the trustee. The girls are not allowed to touch the money until they are 18. Do I have to list these because they are my dependents?

[JoeBankrupt33]

Your assets include things that your dependents own. I had to include my kids clothes, toys, electronics, etc. It was no big deal because it was all exempt.

[Chicken123]

When listing your assests do you have to include items that your children have boughten with their own money or earned from jobs? My daughter does chores for a local farmer and he repays her with registered baby goats, and according to our lawyer our livestock has to be listed. This is fine, but she technically owns over half of them, even tho' we pay for the feed.