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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?
What is Custody account • Custody account is really any type of financial account that one person opens and maintains for another person.
Assets in a custodial account • One of the biggest factors in such a decision is examining the impact of these accounts on financial aid.
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.
Once the child is of 18 years old, he or she assumes ownership and can control the account how he or she wishes.