Can Custodial Savings accounts be Levied or garnished to satisfy the debt of the custodian?
Custodial accounts are not property of the custodian so, no, the accounts cannot be reached or levied by a creditor for the debts of the custodian.
White Plains, NY
Chapter 7 bankruptcy Lawyer at White Plains, NY
Practice Areas: Chapter 7 Bankruptcy, Foreclosure, Chapter 13 Bankruptcy
Custodial accounts are not property of the custodian so, no, the accounts cannot be reached or levied by a creditor for the debts of the custodian.
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YES it is included in your schedule of income.
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