As a parent on a custodial account for kids who are now adults, I had to go into the bank and remove myself from the account. My adult child could not do it. However, my adult child could have removed all the money and moved it to another bank or account.
peaches0101 t1_jadexd5 wrote
Reply to comment by [deleted] in Should I disconnect my parents from my Bank Account by Economy_Example_4289
As a parent on a custodial account for kids who are now adults, I had to go into the bank and remove myself from the account. My adult child could not do it. However, my adult child could have removed all the money and moved it to another bank or account.