Unlike a standard custodial account, you can own the account and make your own investment decisions.
(Uniform Transfers to Minors Act) accounts can also hold physical property like real estate or fine art. buying stocks under 18
Assets are legally yours (irrevocable gifts) but controlled by the adult until you reach the age of majority (18 or 21, varies by state). Unlike a standard custodial account, you can own
Contributions grow tax-free, making it powerful for long-term wealth building. Unlike a standard custodial account