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Reply to "Custodial Account Question"
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[quote=Anonymous]May or may not have been a custodial account, but my husband had funds in an account that his grandparents funded for his education. At 21, his father strongly suggested he sign over temporary control of the account back to him [his father] with the eye towards "you'll use it for grad school." My partner did that easily (needed to go get something notarized). He had a high level of trust with his parents, and his parents did have a high level of trust with him, but I can tell you we would have spent that money on living expenses if we didn't sign it back over. [/quote]
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