Can the child's assets be paid out at any time?
Account liquidations and winthdrawals are possible at any time if the money is transferred to an account in the child's name.
It is important to know that funds that children and young people 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 parents for their own purposes.
Without the consent of the Child and adult protection authority (KESB), parents or legal guardians are not allowed to have the child's assets paid out for current maintenance, education or training.
More questions in "Child portfolios"
What is the True Wealth portfolio for children?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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