A custodial account is a financial account (such as a bank account, a trust fund or a brokerage account) set up for the benefit of a beneficiary, and administered by a responsible person, known as a legal guardian or custodian, who has a fiduciary obligation to the beneficiary. Custodial accounts come in a number of forms, one being an account set up for a minor, since the minor is under the legal age of majority. The custodian is often the minor's parent. In the U.S., th…

Custodial account - Wikipedia

WebJan 26, 2024 · A custodial 529 account is very similar to a traditional 529 account. The key difference is that the child on a custodial account cannot be changed. There may … WebCustody Account means the custody account or accounts in the name of the Client and/or such other name as the Client may reasonably designate, for the deposit of any … david bowie women\u0027s shirt

Securities custody account: what does that refer to exactly ...

WebJan 9, 2024 · A custodial account is generally created by a parent or grandparent for the benefit of a minor child or grandchild. When you put money into a custodial account, you make a gift to the minor beneficiary of the account, even though the minor does not control the account. The account creator usually acts as the account’s custodian. Webcustody definition: 1. the legal right or duty to care for someone or something, especially a child after its parents…. Learn more. WebCustody Accounts means the securities account maintained for the Issuer by the Custodian pursuant to the Custody Agreement and subject to the Security … david bowie women\u0027s t shirt