Sentences with phrase «in a custodial account where»
What's more, assets in a custodial account where you're the custodian are considered part of your estate until the child reaches majority.
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These types of accounts, where financial gifts to a minor are held in a custodial account until the child reaches adulthood, offer another option for saving for your child's education.
The highest and best use of custodial accounts is in situations where you have a genuine desire to make a financial gift to a child.