How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask UKSolicitorJA Your Own Question
UKSolicitorJA
UKSolicitorJA, Solicitor
Category: Law
Satisfied Customers: 4312
Experience:  English solicitor with over 12 years experience
62162956
Type Your Law Question Here...
UKSolicitorJA is online now

does an untouched bankers draft count as investment or sav

This answer was rated:

does an untouched bankers draft count as investment or savings
-Could you explain your situation a little more?
Customer: replied 3 years ago.

My partner has a bankers draft for an inheritance of £100,000 it has not been touched or in the bank... we have been informed that it is classed as Investment/earnings We thought it wasn,t untill it was banked

Hello,

I am afraid it is as good as money in the bank and will be classed as investment or savings.

Can I help further?
UKSolicitorJA and other Law Specialists are ready to help you