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INVESTMENT FORM FOR MINOR Internal use only 10.22.13 Very.1.5 DCI Acct No.: Event: FORM RESET You may purchase directly via http://www.israelbonds.com in lieu of completing this form. Personal checks

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How to fill out investment form for minor

How to fill out investment form for minor:

01

Gather necessary documents: Determine the required documents for the investment form for a minor. This may include the minor's birth certificate, social security number, and any court documents appointing guardianship or custodianship.

02

Identify the investment account: Choose the investment account type suitable for a minor. Options may include Uniform Gift to Minors Act (UGMA) accounts, Uniform Transfers to Minors Act (UTMA) accounts, or custodial accounts.

03

Provide personal information: Fill in the minor's personal information accurately, including their full name, date of birth, social security number, and current address.

04

Choose an account custodian: Specify the adult who will act as the custodian of the investment account until the minor reaches the age of majority.

05

Determine investment options: Select the investment options suitable for the minor's account. Consider their risk tolerance, investment goals, and time horizon.

06

Complete the investment form: Fill out the investment form, providing all required information about the minor and the chosen investment options. Ensure accuracy and double-check all details before submitting the form.

Who needs an investment form for a minor?

01

Parents or legal guardians: If a minor is investing, their parents or legal guardians will typically need to fill out the investment form on behalf of the minor.

02

Relatives or family members: In some cases, relatives or family members may open investment accounts for minors as a financial gift or to save for future education expenses.

03

Custodial organizations: Certain organizations or institutions may facilitate investment accounts for minors, acting as custodians until the minor reaches the age of majority.

Remember, it's important to consult with a financial advisor or professional when considering investment options for minors to ensure compliance with legal requirements and make informed investment decisions.

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