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Or, more specifically, the parents of those who are young enough to need custodial accounts.
At this time the assets should be moved out of the custodial account and into the child's name.
Jay, There is still some cash in the custodial accounts.
The couple had a joint account at the branch along with custodial accounts for their children.
Your children will be better off financially if you do not convert the 529 plans into custodial accounts.
Custodial accounts are set up by parents or other adults for the benefit of minors.
This make custodial accounts a bit less attractive, especially if there are gifts of stock in them.
Most have custodial accounts opened by parents or grandparents.
"I would purchase the bonds in a custodial account for your grandchild."
An online application can be submitted for individual, joint and custodial accounts.
Question: My father has given my 5-year-old son some shares of stock in a custodial account to pay for his college education.
Any word on a stock for Carley's custodial account?
(1) This offer is valid for individual, joint, and custodial accounts only.
But while custodial accounts are the traditional vehicles for such gifts, recent tax law changes have taken away some of their sparkle.
You can buy in your own name or in a custodial account for your child.
The market depends on custodial accounts in Swiss banks.
The site also looks at tax aspects of offering investments as gifts or establishing custodial accounts.
Even if the money is placed in a custodial account for the child, the income could generate taxes for the parents.
However, it does create operational and credit uncertainty with respect to the timely disposition of the custodial account.
Custodial Account - An account established for a child that is not of legal age.
Eric and Brian both have separate $5,500 custodial accounts invested in a money-market fund.
The children's custodial accounts could be shifted from money-market funds into investments that lock in an interest rate.
The initial payment of $120 million was placed in custodial accounts in Texas for tax reasons, a union lawyer said.
A similar change was made for custodial accounts, where additional accounts can now be opened for $250.
In addition to improving direct access to brokers' bank and custodial accounts, the rules would give customers more transparency into their holdings.