A custodial account is a financial account that parents manage in their child’s name – a tool to transfer and build wealth that can invest in almost any asset
Custodial accounts are simple to establish and administer. Contributions to them are irreversible, and moms and dads eventually should offer control of them to kids. Image Source/Getty Images .A custodial account is a financial investment account in a small kid’s name that’s handled by a grownup.Custodial accounts are more affordable, more workable, and less limited…
