To open a trust account: Choose the trust type, create a trust agreement, add beneficiaries and trustee(s), pick the institution and provide documents.

A Child Trust Fund is a long-term savings or investment account set up for the benefit of a child. It is typically created by ...

Because minors are not eligible to open their own brokerage accounts, parents and guardians can open a custodial account in a child's name and manage the activity.

By taking advantage of this retirement account, you can set your child up for future financial success.