It is legally necessary to open a private bank account for compensation to be paid to children, especially after traffic and other accidents, such as bicycles, cars, in which children are involved. We want to share this application called’ Bem-Clausule ‘ with you.
What account is Bem-Clausule?
It is a special account number opened in banks for children under the age of 18. Withdrawal of money from this account must be prevented until the age of 18. In other words, the child’s account is intended to be legally protected. It is not possible for the child, his parents or his legal representatives to withdraw money from this account.
Why is there such an app?
In short, children, young people, in other words, those under the age of 18, are legally protected. Neither they, their parents, nor their legal representatives can withdraw money from this account.
What parts of accident compensation for children consist of?
Accident compensation has many cost items called’ schadeposten’. In fact, accident compensation calculations are also the same for adults and consist of two parts.
The costs incurred by the mother and father due to the accident are paid to the account of the parents by the responsible insurance as ‘voorschot’, that is, an advance. In addition, there is pain money from ‘smartengeld‘, which we can qualify as the second part, and’ toekomstige schade’, i.e. future expenses. This part is credited to this special account that will be opened in the bank for children.
When can Money be withdrawn from this account?
If money is to be withdrawn for the treatment of the child, it is mandatory to obtain permission from the Local Court. That’s for the judge to decide. In addition, of course, when the child is 18 years old, he will already have many rights, as well as he will be able to easily use this account.
What is this account’s tax link?
No tax is deducted from this account. It is also not considered an income or asset. It is a right granted to a person. For adults, too, there is no tax application, especially for pain money. In general, a tax guarantee form is signed under the name ‘belastinggarantie’ for compensation above a certain amount at the time of closing the file.
Can such an account be opened, except for Accident Compensation?
BEM-Clausule account can be opened not only in accident compensation, but also in case of inheritance or giving money in the form of a gift to those under the age of 18. As a result, money cannot be withdrawn from this account until the age of 18, and withdrawal of money is subject only to a court order.