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MacTigger
Level 2

Does the Custodian of an account for a Child have to be the Custodial Parent?

My son (12) is inheriting a beneficiary IRA from his late grandmother, my mother.

My ex has legal "custody", but of course I have visitation and pay child support, etc.

So, in filling out the paperwork for the new account for my son's beneficiary IRA, can I sign the paperwork as the "Custodian" of the account, and manage the account until he is 18?

Thanks.

Mac

2 Replies
macuser_22
Level 15

Does the Custodian of an account for a Child have to be the Custodial Parent?

That is a legal question, not a tax questions.    We cannot give legal opinions here.  Ask your attorney.

**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.**
MacTigger
Level 2

Does the Custodian of an account for a Child have to be the Custodial Parent?

Thanks.

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