Financial Planning12 min read
Custodial Accounts for U.S. Expats: UTMA/UGMA, FBAR, and 529 vs. Trust
Standard financial advice on custodial accounts is a compliance trap for the global professional. Guides written for a domestic audience - with a U.S. address and a financial life contained within 50 states - are not just incomplete for you; they are a direct threat to your financial autonomy. They fail to warn you that many U.S. brokerages may refuse to open an account for a client with a foreign address, or worse, freeze your assets if they discover you've moved abroad. They omit the most critical compliance tripwire of all: the Report of Foreign Bank and Financial Accounts (FBAR).
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