Banking & Credit

4 Things to Watch Out for with Custodial Accounts

Custodial accounts are basically held in trust by trustees or custodians on behalf of the actual beneficiaries. Typically, an account with a bank, mutual fund, or brokerage company can be classified as a custodial account if ...

Pros & Cons of a Custodial Account

The custodial account is a type of financial account that you can set up for a child. This type of account carries with it some advantages and disadvantages. Here are a few of the pros and cons of using a custodial ...

What is a Custodial Account?

A custodial account is a type of bank account that you can set up in order to assist a minor financially. Here are the basics of a custodial account and how they work.

Custodial Account

A custodial ...