The account is managed by a custodian until the child reaches the age of majority. State law determines both the type of account and the age when the child gains control of the assets. Generally sold by brokers. A sale of a listed security that occurs at a higher price than the previous transaction. They also are available through payroll-deduction plans offered by many employers.
Interest is exempt from state and local taxes.
Advertising Info Site Map Help Market data delayed up to 20 minutes. Futures and Commodities delayed up to 30 minutes. Inc. All rights reserved.