WebJan 26, 2024 · Money put into a custodial account belongs to the child—it's called an irrevocable gift. At the age mandated by the state, the custodian (often a parent) must transfer control to the child. At that point, they can do whatever they want with the money. The gift tax may be a consideration. Realized earnings are taxable Earnings are subject … WebDefine custodian. custodian synonyms, custodian pronunciation, custodian translation, English dictionary definition of custodian. n. 1. One that has charge of something; a …
What Is a Custodial Bank Account and Who Benefits From Them?
WebMar 1, 2013 · March 1, 2013. SEC-registered investment advisers who have custody of their clients’ funds or securities must safeguard those funds as required by the SEC’s “custody rule.”. The custody rule is designed to provide additional safeguards for investors against the possibility of theft or misappropriation by investment advisers who are ... Webcustodian meaning: 1. a person with responsibility for protecting or taking care of something or keeping something in…. Learn more. grey cup quarterly scores
Custodian - definition of custodian by The Free Dictionary
Web1 : one who keeps the premises of a building (such as an apartment or office) clean, tends the heating system, and makes minor repairs 2 : doorkeeper Synonyms caretaker custodian guardian keeper warden … WebSep 18, 2024 · A custodian bank is a financial institution that holds customers' securities in electronic or physical form to minimize the risk of theft or loss. Web(also janitor North American English, Scottish English) a person whose job is to take care of a building such as a school or a block of flats or an apartment building Topics Education c2, Jobs c2 Word Origin See custodian in the Oxford Advanced American Dictionary Check pronunciation: custodian fidelity how to buy bitcoin