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CA Custodial Acct Appl WEB DOCX  Form

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custodial accounts what is that hey taxpayers it's tiffany gonzalez cpa here founder and ceo of accounting to scale and we're back with another installment of what is that where we discuss financial terms and topics you may have heard but we make them super easy to understand [Music] today we're talking about custodial accounts which have everything to do with investing and saving for your children it's a great way for your children to get a head start and to learn about investing so if you've ever heard the term custodial accounts and want to learn more tune in and let's get started right at the beginning custodial accounts what is that the term custodial account typically refers to a savings account at a financial institution a mutual fund company or a brokerage firm it is typically managed by an adult for a minor and the minor is typically someone under the age of 18 or 21 depending on the state in a custodial account there are three parties the owner the beneficiary and the custodi

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