The assets legally belong to the minor but are controlled by the adult until the minor reaches the "age of majority" (usually 18 or 21, depending on state law).
Available if the minor has "earned income" from a job (like a part-time job or even neighborly chores). can you buy stocks under 18
(Uniform Transfers to Minors Act) can also hold physical property like real estate or fine art. Teen Brokerage Accounts : The assets legally belong to the minor but
In the United States, you typically cannot buy stocks independently if you are under 18 because minors lack the legal capacity to enter into binding brokerage contracts. However, you can still own and invest in stocks through specialized account types managed with adult supervision. Legal Ways to Buy Stocks Under 18 : Teen Brokerage Accounts : In the United States,
(Uniform Gifts to Minors Act) is for financial assets like stocks, bonds, and mutual funds.
