A client came in this summer and told me her son was entering college. Because her son was 18, he could access the money in his custodial account, and she wanted to know how to discuss it with him. Keep in mind each state has different age limits on custodial accounts that range from 18 to 21. There are essentially three scenarios that can play out.

Read the full article here.

Tags: checking, college financial planning, college fund, custodial accounts, lee eugene munson, money, personal finance, tuition