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 ...
There are at least four risks that can undercut if not eliminate the protections of a custody account. These are * Documentation Risk: The risk that the "custody agreement" fails to meet legal requirements. * Segregation Risk: The risk that th...