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blocked bank account that will be used to finance my daughter's studies

steph83
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steph83 Explorer Member

steph83

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Hello, I would like to open a remunerated saving bank account for my 13-year-old daughter (she is Thai), which will be used only to finance her studies. So i would prefer, if it's possible, a blocked account for minimum 5 years that does not allow anyone to withdraw money. Does this exist in Thailand ? Is there any other solution ?

 

Thanks for your advices !

Edited by steph83
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mudcat Senior Member

mudcat

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As far as I know Thailand does not recognize trusts but there is a provision called "controller of property" in our wills my wife have used to protect what we would leave to our grand daughter.  As we do not trust her parents or our in-laws with a chunk of money we named a cousin who successfully got his child through university and launched 

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