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Message
re: Custodial Account Funds- Schwab
Posted on 8/14/23 at 6:15 pm to LSUisKING12
Posted on 8/14/23 at 6:15 pm to LSUisKING12
quote:
As for age, they are under 10. I understand at 18 I will lose ownership over the account and understand the risks. We don’t plan to disclose it to them and if they do discover it, it will be made clear that this is our contribution towards weddings/future. Just want the market to work for us in the mean time
Then why not just keep it with your money?
People make this more complicated than it needs to be. Invest your money as you see fit then gift your daughters whatever you want when the time is right. Don’t enter into a fiduciary relationship that you fully intend to violate from day 1
This post was edited on 8/14/23 at 6:16 pm
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