Having a Custodio Account for Your Child?

For me, i actually do custodio accounts for my own children. 100 % becomes their account to do with as they please. That gives me the total freedom to go into any of low cost investments from an index one standpoint that i want to go into. So even at my tax rate, they are generally pretty friendly, as long as i don't do a lot of transactions. But people have taken it to the extreme. Theyv recorded the altro paid them six thousand dollars. I think that's not really fair compensation. Your effectively creating earned income, whatever the account is. My eight year old daughter and i said, any birthday money you get, whatever you put it into your