Generally up to age of termination (18 – 21) depending on state rules Maximum yearly contribution per minor No limit. Donor can gift up to $17,000 ($34,000 for married couples who file jointly) without incurring gift-tax implications. Minimum initial investment Varies by account Taxation ...
(10) (And slight differences in terminology can be significant. For example, while some states consider a custodial account to be a trust by operation of law, (11) under federal law a custodial account is not a "fiduciary account" unless the cu...