My question is this, can my inlaws without my wife's or my own permission open up a custodial account for my son, with money raised from a benefit for our financial burden due to my son having cancer, and not have to hand the money over to us? Let me explain: My child was diagno...
(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...