What Is The Custody Account & Who Administrate This Account? - PowerPoint PPT Presentation
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What Is The Custody Account & Who Administrate This Account?
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A Custody account is a great way to save up for your child’s future. That’s the case whether you’re stockpiling cash for higher education or otherwise. See more: – PowerPoint PPT presentation
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Title: 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
