A Custodial Account is a brokerage account that allows you to make a financial gift to a minor and help teach them about investing. It is set up and managed by an adult, and turned over to the child when he or she reaches the age of majority. #personalfinance #moneytips #financetips #investing #parents | Imran The Finance Engineer

1K views · 28 reactions | So you want to save for your kids and think a custodial account would be a good option. But are there any tax implications? Here's Brian's answer! Thanks for sharing all of your questions for our "Snow Day Q&A!" Full Q: "We have two 10 month old girls and were wondering about the tax implications of setting up a custodial brokerage account for them." - @dorrasmommy on Instagram | The Money Guy Show | Facebook