Not exact matches
After receiving many calls from
children who lost their parents, FINRA released an alert, «Plan
for Transition: What You Should Know About the Transfer of
Brokerage Account Assets on Death.»
Start - up is as simple as making an appointment with your bank or financial adviser to open a savings or
brokerage account in trust
for your
child.
His
brokerage, TD Waterhouse, allows only family RESPs, which means he can only open a single
account for both
children.
If you're not investing
for either a
child's higher education or your retirement, a plain - Jane taxable
brokerage account should be just fine.
Instead of putting everything in the 529, set some money aside in a separate
brokerage account, and earmark it
for your
children's future.