# Saving Plans for grandkids
**URL:** https://boards.straightdope.com/t/saving-plans-for-grandkids/976226
**Category:** Factual Questions
**Created:** [December 8, 2022, 7:49pm UTC](https://boards.straightdope.com/t/saving-plans-for-grandkids/976226 "2022-12-08T19:49:50Z")
**Posts on this page:** 6
**Page:** 2
### Author:  [@Saint\_Cad](https://boards.straightdope.com/u/Saint_Cad)
#### Post date: [December 11, 2022, 3:43am UTC](https://boards.straightdope.com/t/saving-plans-for-grandkids/976226/21 "2022-12-11T03:43:18Z")
> [@doreen](#):
>
> The OP for some reason doesn’t want it to be under the parents control- but wants them to be able to get at it while she’s a minor.
Noooooooooooooooooooooo!!!
I don’t know where you got the impression I want her parents to have any control or access. I want it so her parents cannot access her money at all while she is still a minor. It’s her money.
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### Author:  [@Saint\_Cad](https://boards.straightdope.com/u/Saint_Cad)
#### Post date: [December 11, 2022, 3:46am UTC](https://boards.straightdope.com/t/saving-plans-for-grandkids/976226/22 "2022-12-11T03:46:00Z")
> [@Mighty\_Mouse](#):
>
> I don’t see the point in that at all then. The OP is free to give the money to the grandchildren when they become adults. No need for any kind of designated account.
You don’t understand how finances work in my household. If it is not locked up tight then people will syphon off the money for “necessities” like vacations. The only person with ANY financial self-control is me.
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### Author:  [@doreen](https://boards.straightdope.com/u/doreen)
#### Post date: [December 11, 2022, 4:08am UTC](https://boards.straightdope.com/t/saving-plans-for-grandkids/976226/23 "2022-12-11T04:08:06Z")
I got it from here - I guess the “can” is supposed to be “can’t”
> [@Saint\_Cad](#):
>
> . Can we open up a brokerage account for her that her parents can get at while she’s in her minority?
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### Author:  [@Saint\_Cad](https://boards.straightdope.com/u/Saint_Cad)
#### Post date: [December 11, 2022, 4:09am UTC](https://boards.straightdope.com/t/saving-plans-for-grandkids/976226/24 "2022-12-11T04:09:25Z")
ohhhhh
yeah can’t
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### Author:  [@Mighty\_Mouse](https://boards.straightdope.com/u/Mighty_Mouse)
#### Post date: [December 11, 2022, 11:38am UTC](https://boards.straightdope.com/t/saving-plans-for-grandkids/976226/25 "2022-12-11T11:38:43Z")
> [@Saint\_Cad](#):
>
> You don’t understand how finances work in my household. If it is not locked up tight then people will syphon off the money for “necessities” like vacations. The only person with ANY financial self-control is me.
So are you looking to put the money out of the control of ANYONE (including you) for X number of years? Or do you want it to be solely in your control? The latter is more or less the legal definition of you owning the account. I don’t know if any way to accomplish the former except for a truly illiquid investment.
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### Author:  [@md-2000](https://boards.straightdope.com/u/md-2000)
#### Post date: [December 12, 2022, 6:05am UTC](https://boards.straightdope.com/t/saving-plans-for-grandkids/976226/26 "2022-12-12T06:05:46Z")
> [@doreen](#):
>
> The OP for some reason doesn’t want it to be under the parents control- but wants them to be able to get at it while she’s a minor.
I assumed when I read that it was a typo and they meant they did _not_ want the parents to have access to it.
I would assume if the money is “owned” by the child but the parents also have control, the parents have a duty to not squander it, are not entitled to withdraw it - even with the excuse it’s for the child’s living expenses?
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