What happens when the beneficiary reaches age of majority?
The age of majority generally varies between 18 and 21 years of age and is determined by the state law of the custodian’s state of residence. Once a child reaches the age of majority, the funds are directly available to them to use at their own discretion.
The custodian will no longer have access to or control over these funds.
When the funds transfer to the minor, they can open a Stash Invest account to continue managing the investments themself, or withdraw the funds.
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