If I am custodian for an Education IRA (Coverdell Education Savings Account). What happens when the child turns 18 (age of majority)? Do they get control or does it remain with the custodian?
My research shows that they do not get control. However, my broker is claiming that the now majority age child must sign off on any distributions or roll-overs or account transfers and that this is not a federal requirement, but a requirement of the financial institution. What would happen if we could not agree and the child turns 30?