A custodial account usually is a savings account set up and managed by an adult for a minor. It offers more flexibility than a traditional education savings account.
A custodial account can help you save and invest on a child's behalf until they're old enough to take it over.
Dive into the world of custodial accounts to grasp their financial benefits, tax implications, and how they affect future financial aid for education.
Explore the best custodial accounts for kids in 2024: This guide compares perks, limitations, fees, and more from the top UGMA/UTMA accounts.
Discover custodial account for minors. Learn more about custodial accounts today and their advantages and disadvantages.
The best custodial accounts for minors offer low fees, investment education, and a broad lineup of investment options. Here are our top picks.
A custodial account is an investment account controlled by an adult on behalf of a minor. We discuss everything about these accounts in this guide.
UGMA accounts · What is a gift savings account? · Will I get taxed on my UTMA account? · What are other helpful financial gifts for children? · What do I need to open a custodial account? · Majority of parents give their kids an allowance · Bottom line · Frequently asked questions
Learn about custodial accounts, what a custodial account is, how they work, how to open a custodial account, and the pros and cons of opening one for a minor.
The best custodial accounts focus on what's best for both the child and the adult account owner. Here are our picks for the best custodial account providers.