Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Hi everyone,

I am new to stock investing and also new to the list.

I am a US non-resident alien. I am planning to set up a DRIP account as a gift for my daughter for her coming 2nd birthday. I have known that as a custodian, I can manage her account, sell the stock if it does not perform to my expectation but cannot spend any amount outside investing for her.

How will it be if I will die before she reaches her legal age? Will her account be held unattended until she reaches her legal age? How will it be if we both die before her legal age, how can our remaining family claim the account?

Thanks in advance

mvpjr
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement