Minors cannot legally incur debt, eliminating the potential for creditors to win a judgment against them. UGMA custodial savings accounts may be subject to garnishment if the account is set up to withhold disbursements until the minor child is 21 years of age. Between the ages of 18 and 21, ...
It's natural to want the children we care about to have money when they need it. Find out how an E*TRADE custodial account makes it possible.