Saving money for your child's future is a noble goal for any parent, but the time eventually comes when money switches hands.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...

Review our list of the best custodial accounts. While we found Charles Schwab to be the best overall, depending on your goals ...

A UTMA or UGMA custodial account is a flexible investment account that helps minors save and invest. Many, or all, of the products featured on this page are from our advertising partners who ...

The Uniform Transfers to Minors Act (UTMA) allows gift givers to transfer money – or other gifts like real estate or fine art – to a minor child without the need for a guardian or trustee. Many people ...

A custodial account allows you to open and manage an investment account on behalf of a minor, which can be used for wealth transfer or to help a child learn how to invest. Many, or all, of the ...

So you’d like to set aside some money for your children. Perhaps you want to build an early inheritance or, more likely, you’d like to get a jump on their college fund. In either case, you’ll want to ...

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, ...

Parent-owned UTMA accounts transfer legal control to children at age 18 or 21, eliminating parental oversight. 529 education plans keep parents as account owners indefinitely while growing funds ...

Forbes contributors publish independent expert analyses and insights. William Baldwin covers investing, taxation and corporate finance. Custodial accounts make sense only if you are certain your child ...