Even though an adult sets up custodial accounts, as soon as assets go into the account, it belongs to the child. Depending on which state the child lives in, they get access to the account at 18 or 21. The person who started the account controls the money during the waiting period but can only withdraw it under certain conditions.
Think back to our analogy for a custodial account being a truck bought for you. Even though the truck is in your name, you have to wait before being old enough to use it. In the meantime, the adult who bought it for you has control of it until you reach the age where you are handed the keys.
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