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Re: parinvestor post# 15924

Tuesday, 09/09/2014 6:30:48 PM

Tuesday, September 09, 2014 6:30:48 PM

Post# of 55001
If you need to keep the shares in a custodian account (say you are giving shares to your grandson or granddaughter who is a minor to keep in a college fund, your son in law or son/daughter can act as the custodian), you will need the custodian's bank info. Once you have filled out the forms that your broker sends you and the custodian has opened a custodian trust account at his/her bank, your broker can then transfer shares directly into the custodian trust account in the frequency and amount of your choosing.
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