The Uniform Transfers to Minors Act (UTMA) and Uniform Gift to Minors Act (UGMA) are unique taxable custodial accounts that help you save for your kids. While you can save and control these accounts, ...

When planning for your child’s financial future, custodial accounts are excellent options to consider. The two main ways to save are through the Uniform Gifts to Minors Act (UGMA) and Uniform ...

Moving money from an UGMA or UTMA account into a 529 plan can have advantages Reviewed by Charlene Rhinehart Fact checked by Jiwon Ma Reviewed by Charlene Rhinehart Fact checked by Jiwon Ma An ...

Saving for your child's future, and in turn teaching your child about investing, can be among the biggest long-term concerns for any parent. One way to do both is with a custodial brokerage account, ...

Meredith Dietz is Lifehacker’s Senior Staff Writer. She earned her bachelor’s degree in English and Communications from Northeastern University, where she graduated as valedictorian of her college.

A custodial account is a popular way for parents and guardians to invest for their children’s future. Accounts are easy to set up and manage, and the adult custodian can choose from a wide range of ...

With close to a decade of writing and editing experience, Maisha specializes in service journalism and has produced work in the lifestyle, financial services, real estate, and culture spaces. She uses ...

A custodial account is a savings or investment account an adult opens and administrates on behalf of a minor. The best custodial accounts offer features that matter most to both child and adult ...

If you want to start building a savings early on for your child, the perfect vehicle to do that is through a custodial account. These accounts make it possible for parents, grandparents or other ...