R
Richard Chehovin
Guest
Upon birth of a child, granfather bought a zero coupon bond that matures in eighteen years. The mother is the custodian of the bond. Bond is 2 years from maturity and the value will be $35,000. Parents have this earmarked for college. Concern here is the child getting possession of monies at 18. Can the bond be transferred (re-registered)into a trust designed for educational purposes so child will not have direct access.