Can the child's assets be paid out at any time?
Account liquidations and withdrawals are permitted at any time if the money is transferred to an account for tied child assets that is in the child's name.
It is important to know that funds that children and adolescents inherit or receive as gifts and that are invested for them for savings purposes constitute tied child assets under Swiss law and may not be touched by the parents for their own purposes.
Without the consent of the child and adult protection authority, parents or legal guardians are not permitted to have child assets paid out for current maintenance, education or training.
More questions in "Child portfolios"
What are True Wealth child and youth portfolios?Who can open a child account or a child portfolio with True Wealth?Can other family members such as grandparents or godparents open a child account?Will my child receive an individual investment strategy?What is the minimum deposit amount for a child portfolio at True Wealth?What documents do I need to open a child account?What happens to the children's portfolio when my child grows up?We do not yet have the minimum deposit of CHF 1'000 for the children's portfolio completely available. Can we still open an account already?Can other family members, friends or acquaintances pay into the children's account in addition to the parents?How is the child portfolio taxed?Will my child get their own login for the child portfolio?
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