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What Is The Custody Account & Who Administrate This Account?

A Custody account is a great way to save up for your childu2019s future. Thatu2019s the case whether youu2019re stockpiling cash for higher education or otherwise. See more: https://bit.ly/2ZVA0u6

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What Is The Custody Account & Who Administrate This Account?

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  1. What Is The Custody Account & Who Administrate This Account?

  2. What is Custody account • Custody account is really any type of financial account that one person opens and maintains for another person.

  3. Assets in a custodial account • One of the biggest factors in such a decision is examining the impact of these accounts on financial aid. 

  4. Saving account for under age • it’s a brokerage account or savings account that an adult controls for a child under the age of 18.

  5. Once the child is of 18 years old, he or she assumes ownership and can control the account how he or she wishes.

  6. Thank You

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