Custodial Account

Definition of "Custodial account"

Graciela Dalsasso
Graciela Dalsasso Cervera Real Estate Inc

Account established to manage the assets of a minor. This account is under the auspices of a custodian (either an individual or an institution). The gift tax exclusion would apply on any annual gifts to a minor.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ