Posession Rights of Joint Account

[crazym8007]

Washington State

Third party invested money into my name and mother was the "signer" so to say of stocks, bonds, and mutual funds and other sorts of investments before i was 18. I was curious when, do I have legal rights to the investments i.e. no needs for consulting the signer to aquire money and if age has any power in this issue.

 

[ALawyer]

It all depends on the EXACT type of account that was opened up and is now holding the money.

If it is a Custodial Account under the Uniform Gift to Minors Act, the beneficial owner (you) has a right to the money at age 21 in most states.

If it was a Trust Account, it all depends on the terms of the trust.