Once the minor reaches the legal age of adulthood in their state, control of the account is officially transferred to the named beneficiary from the custodian. At that point, the beneficiary can claim full control and use of the funds. Should theminordie before the age of majority, the accou...
Although anyone may contribute to a custodial account, control of the account is managed by the custodian. Once the minor beneficiary reaches the age of majority (as determined by the state), the custodian can transfer the funds in the account over the funds to the minor. Types of Custodial ...
百度试题 结果1 题目What is the meaning of the underlined word "custodian" in paragraph 1? A. a teacher B. a guard C. a cleaner D. a helper 相关知识点: 试题来源: 解析 C 反馈 收藏
Interested in working with an advisor? Work 1:1 with our advisors to help build a personalized financial strategy that’s built around you. Get started If the donor of the account is also the custodian, the custodial account balance will be part of the donor’s estate if he or she dies...
How does a custodial brokerage account work? A custodial brokerage account is an investment account opened on behalf of a minor and managed by an adult (aka the custodian). These accounts can hold the same types of investments you'd find in a regular brokerage account, but they allow the ...
and past performance is not a reliable indicator of future results.Asset allocation/diversification does not guarantee a profit or protect against loss. Nothing in this material should be relied upon in isolation for the purpose of making an investment decision. You are urged to consider carefully ...
JPMorgan Chase & Co. is one of the oldest banking institutions and one of the largest custodian banks in the U.S.6 Custodians for Minors If an account beneficiary is a minor, a custodian is often required (i.e., acustodial account). In such cases, the custodian may be a responsible ...
In finance, a custodian is a financial institution, usually a bank, which keeps and secures the financial assets of another person or entity. The...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough ...
for my son. this account was only opened after i hired a lawyer a good 3 months after the benefit. Short of having to pay this attorney to take this to court, is this legal what they did as they are not custodian or guardian of my child. any help would be appreciated on this one...
A financial custodian will send you a monthly or quarterly statement for your account letting you know what they are holding on your behalf. In addition to holding onto your money and investments and sending you an account statement, the custodian serves as a broker when you want to buy or...