Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
hi. I just turned 18 and live in teh state of Maryland, I was under the impression that I could now gain control of my custodial accounts. My Broker at Dean Witter said I had to be 21 before I could gain control. I then went to a broker at Fidelity who said that I could gain control of the accounts at 18. Any ideas on what the law actually says, or a link to where I could get this sort of info. Thanks
Print the post Back To Top
No. of Recommendations: 0
>I just turned 18 and live in teh state of Maryland

I had the same problem a while back...it seemed I had a 50/50 shot at it...

I did get lucky with one phone call though...a gentleman at E*Trade used to live in state and confirmed that the age is 18 for CT...the key term you need to know is the "age of majority." Apparently it's different depending on the state. I found that even the neighborhood brokers and lawyers were confused on the subject (yeah, I made a few phone calls).

Hope this helps!
-Jeremy
Print the post Back To Top
Advertisement