Q. What is a Custodial account?
A Custodial account allows a parent, guardian, or other family members/friends to open an investing account for a minor. The adult (or custodian) who opens the account manages the investments until the minor reaches the age of majority. That age is usually 18 or 21,…
Q. Who is eligible for a custodial account?
Any minor under the age of majority (18 or 21 depending on the state) can be a beneficiary of a Stash Custodial Account. Minors who hold a green card or visa and are not U.S. citizens can receive money from a Custodial Account.…
Q. Age of majority
The age of majority is when a minor becomes an adult. The age varies by state, but is usually either 18 or 21. After a minor reaches the age of majority, the funds in their custodial account¹ are theirs to use at their own discretion.…
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