My sister recently passed away and left about $10k for each of her children ages 19, 18 and 16. The money is currently in my name in short term CDs, but the family would like to move it to a more liquid account for emergencies. Is it possible to set up f/b/o accounts for the two children who are 18 and 19?
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Talk to a service representative at the bank that currently holds the funds, and explain what your needs and objectives are. That can help the bank propose deposit arrangements to address your needs, or offer suggestions on whom to contact if the bank doesn't offer the accounts you want.
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Talk to a service representative at the bank that currently holds the funds, and explain what your needs and objectives are. That can help the bank propose 