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More Than 1 Custodian on Minor Account?

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Question: 
Can you have more than one custodian on a minor account?
Answer: 

For a UTMA account, you would have to look at State law. Most states only allow one. For other types of custodial accounts, you would have to refer to the documents that establish the formal custodianship.

First published on BankersOnline.com 5/13/13

First published on 05/13/2013

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