Turning 18: How to Handle Your Child's Mutual Fund Investments

When kids turn 18, they become adults in the eyes of the law, and it changes how their parents manage their investments.

If you've invested in mutual funds for your child, you can't make any new transactions for them anymore.

Existing plans like regular investments or withdrawals will stop until the required paperwork is submitted.

To continue these investments, the young adult needs to get a tax ID, complete the Know Your Customer process, and update their bank information.

They'll need to provide some documents, including proof of identity and bank details.

To keep investing the same way, they must fill out a new form.