[CLBS] property of the estate question

[Howard Foley]

For what it is worth I have always considered the kids property ( assuming it is age or history appropriate/defendable) as the kids and I don't list their tricycles.  Were the securities purchased as Uniform Gifts to Minors ?

-----Original Message-----
From: CLBS [mailto:clbs-bounces at admws.idaho.gov] On Behalf Of David Brown
Sent: Tuesday, August 23, 2016 11:12 AM
To: clbs at admws.idaho.gov
Subject: [CLBS] property of the estate question



 I have a potential debtor that needs to file chapter 7. Her mother has purchased stock and debentures for debtor's children. They have only ever been in the mom's and the children's name. Never in the debtor's name. My concern is that the trustee may claim that the stock and debentures are property of the estate since the children are minors and minors property is also debtor's property. On the other hand debtor has never purchased these and has never had an ownership interest in them. Thoughts?

Thank you, David Brown
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