I live in CA and we had custodial accounts for our grandchildren and were required to turn the account over to them when they turned 18, the age of emancipation in CA. (I believe the age range 18-25 must be specified at the time the account is established and if not specified, as it was not on our case, defaults to the lowest age.)
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
