My aunt died and left my kids some money in their names and I want to put the money in a mutual fund for them. My wife works at the bank where the money is, and I don't want her to get it. How should I go about getting the money into a mutual fund (either at the same bank or a different one) so that she can't get it out?
Assuming that you have control over the money from your aunt, you should shop around for the best investment that fits your kids' needs, and make arrangements for opening an account. If you are concerned that your wife (or anyone else) might access the funds, ask the mutual fund or bank representative about an account over which you, and not the kids, have control. There are various options available, and you'll want to select the one that best fits your situation. You should also consider discussing the matter with an attorney familiar with your state's laws on accounts for minors.
Published on BankingQuestions.com 9/11/07
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Assuming that you have control over the money from your aunt, you should shop around for the best investment that fits your kids' needs, and make arrangements for opening an 