Minors cannot directly hold shares. Instead, investments are held on behalf of a child with an adult acting as trustee (this is not a formal trust). When setting up an investment account with InvestSMART or a brokerage service the account is set up as MRS JOAN CITIZEN <JUNIOR CITIZEN> or with two adults as trustee MR JON CITIZEN + MRS JOAN CITIZEN <JUNIOR CITIZEN>.
Can children own shares?
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