What Is The Custody Account & Who Administrate This Account?

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What Is The Custody Account Who Administrate
This Account?
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What is Custody account

• Custody account is really any type of financial
  account that one person opens and maintains for
  another person.

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Assets in a custodial account

• One of the biggest factors in such a decision is
  examining the impact of these accounts on
  financial aid. 

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Saving account for under age

• its a brokerage account or savings account that
  an adult controls for a child under the age of 18.

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Once the child is of 18 years old, he or she
assumes ownership and can control the account how
he or she wishes.
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Thank You