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Message
re: Custodial Account Funds- Schwab
Posted on 8/14/23 at 6:03 pm to LSUisKING12
Posted on 8/14/23 at 6:03 pm to LSUisKING12
quote:
We don’t plan to disclose it to them
People always say this but how do you handle the taxes? After 18 they're responsible for tax on any distributions. Unless you invest it all in non dividend stocks there's inevitably going to be some annual tax liability. In the worst case scenario where you dont want the kid to have access because of poor life choices this could become a problem.
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