re: Misc Savings for Kids

I actually came into a decent amount of money from my grandparents recently, that was given to each of my children. I set up a brokerage account for each that is in my name only, and the money is all in SPAXX for now just earning the high interest. I know timing the market is not the best plan, but figure I'd wait out to see if the expected pull back materializes, then start dumping it into ETFs.

For those who went custodial, what's the benefit? I can gift my stock purchases to each of my kids at any point in the future, wouldn't the tax implications be the same? I will never be wealthy enough to worry about the gift tax exemption amounts, which is the only problem with gifting them their shares all at once 15-20 years from now.