An account which is created for the benefit of a minor, usually at a bank, mutual fund, or brokerage, with an adult as the custodian.
Related information about custodial account:
- Custodial account - Wikipedia, the free encyclopedia
A custodial account is a financial account set up for the benefit of a beneficiary, and administered by a responsible adult, known as a custodian who has a ...
- Weighing a Custodial Account for Your Kid - SmartMoney.com
Dec 1, 2010 ... A closer look at the legal and tax ramifications of setting one up.
- Custodial Account Definition | Investopedia
1. An account created at a bank, brokerage firm or mutual fund company that is managed by an adult for a minor that is under the age of 18 to 21 (depending on ...
- Problems with Custodial Accounts
Before you set up a custodial account for a minor, consider whether an UGMA or UTMA account is the best choice. These accounts are well suited to relatively ...
- Custodial Account
Custodial accounts are established as either a Uniform Gift to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA), depending on your state of ...
- Custodial Savings Account: Schwab Brokerage: Custodial Account
The Schwab One® Custodial Account is a brokerage account that allows you to make a financial gift to a minor and help teach them about investing.
- Wells Fargo - About Custodial Accounts
Wells Fargo Investments offers a variety of custodial account options — a simple way to transfer property to a minor.
- Custodial Account - Financial Dictionary - The Free Dictionary
An account at a bank, brokerage, or insurance company held by an adult guardian on behalf of a minor child. That is, the minor child owns the custodial account, ...