Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Path: utzoo!linus!security!genrad!decvax!microsof!fluke!amyh
From: amyh@fluke.UUCP
Newsgroups: net.invest
Subject: Re: savings for children?
Message-ID: <1021@fluke.UUCP>
Date: Mon, 11-Jul-83 11:02:17 EDT
Article-I.D.: fluke.1021
Posted: Mon Jul 11 11:02:17 1983
Date-Received: Tue, 12-Jul-83 14:38:32 EDT
References: <614@populi.UUCP>
Lines: 9

Regarding savings for kids:  What my folks did (for kids' college educations) 
was to set up a custodial account at their bank.  The child is the owner, 
with a parent as custodian.  The parent can make transactions, and so can
the child.  You'd have to check on termination of the custodial agreement; 
I believe the setup at the time my folks were doing it was that custody 
terminated at the child's legal majority.  


Amy Heidner	John Fluke Mfg	{microsoft|lbl-csam|uw-beaver}!fluke!amyh