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What Is The Custody Account & Who Administrate This Account?


What is Custody account â–Ş Custody account is

really any type of financial account that one person opens and maintains for another person.


Assets in a custodial account

â–Ş One of the biggest factors in

such a decision is examining the impact of these accounts on financial aid.


Saving account for under age

▪ it’s a brokerage account or savings

account that an adult controls for a child under the age of 18.


Once the child is of 18 years old, he or she assumes ownership and can control the account how he or she wishes.


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