Custodial Account

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August 25, 2024 3 min read Definitions
Custodial Account: Financial Accounts for Minors
Finance Banking Custodial Account Minor Accounts Banking for Minors Financial Planning Kiddie Tax
A custodial account is a financial account that parents or guardians create for a minor, typically at a bank or brokerage firm. Minors cannot make financial transactions without the approval of the account trustee.
Read more about Custodial Account: Financial Accounts for Minors.
August 24, 2024 3 min read Definitions
Custodial Account: Overview, Benefits, and Drawbacks
Finance Banking Investments Custodial Account Minor Savings Investment Account Financial Planning Future Savings
A custodial account is a type of savings account managed by an adult for a minor. Learn about how these accounts work, their advantages and disadvantages, and important considerations.
Read more about Custodial Account: Overview, Benefits, and Drawbacks.

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