EP 20: What Is English For “Custodial Accounts?”
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In today's "Shortie" episode, we define "Custodial Accounts." Until a child is a legal adult, they can't technically own anything.
So how do we help these kids own "stuff," like investment accounts?
Hence custodial accounts - What are they? When is it best to use them?
Does it make sense to use them instead of 529's?
We answer this and more questions that pertain to custodial accounts.
The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.
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