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Children's Investments

All equity investments on behalf of the child are held in the name of the Accountant General of the Supreme Court.  The rules of court mean that when a child reaches 18 years of age, the equity investments must either be sold or transferred into their name.  However, we cannot transfer the equity investments into anyone else's name.

If the child sells the equity investments, we will send them a cheque for the total amount of the sale within five working days of us receiving the cash proceeds from the brokers.   This process can take up to 2 weeks.

If a child wants to keep some or all of the equity investments, we can arrange to transfer them into the child's name. This can take slightly longer - about 6 to 8 weeks from receiving the instructions.

Important note

If there was a Legal Aid charge in the case, the Court Funds Office need to confirm that it has been satisfied.  This may delay payments by approximately 3 days.

If the child has either a:

• Capital Growth Account (substantial amount of equities and a smaller amount as a cash deposit in the Special Account) or
  
• Capital Growth with Income Account (even balance between equities and cash deposit in the Special account)
  Their shares in the Equity Index Tracker Fund cannot continue to be held by Court Funds Office once the child reaches 18.  They must either be sold and the child receives the proceeds or they have the stocks and shares transferred into their name.

When we write to the child prior to their 18th birthday, they will be given the option of whether they wish their Equity Index Tracker Fund shares to be sold or transferred into their name.  On receipt of the completed Form 203 we will either:

• Sell the shares - proceeds from the sale will be made within five working days of us receiving the cash proceeds from the brokers which can take up to 2 weeks, or
  
• Arrange to transfer the shares into the child's name. This can take approximately 6 to 8 weeks from receiving the child's instructions.

Any monies held in the Special account will still be paid out on receipt of a correctly completed Form 203 or payment instructions from the court.  We aim to process the payment within 5 working days.  A cheque will then be sent to the bank or building society specified on Form 203.  Please contact the relevant bank or building society for information on their cheque clearing times.