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General Parenting Discussion
Reply to "DISCUSS: Okay for parent to open bank account for child without consulting spouse?"
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[quote=Anonymous][quote=Anonymous]The problem is most replies here are based on the poster’s OWN marriage. So if a wife hates her husband they’ll respond as if the situation occurred in their marriage. Overall, yes I’d be slightly upset my spouse didn’t talk to me about opening a bank account. That’s not a small matter and it impacts taxes. And for the poster who said “we don’t have time to talk about every little thing in our kid’s lives”. I feel sorry if you think school, money, and extra curricular activities is too much to discuss. Really. My spouse and I discuss it and it takes 10-15 minutes. Not difficult or time consuming. [/quote] A regular child's bank account does not impact taxes. At all. A 529? Sure. Some type of custodial brokerage account? Yes. The savings account at the credit union? No.[/quote]
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