Quote:
Originally Posted by Sr. Mints
In about six months, I'm going to become the coolest uncle ever, and I'm looking to set up some kind of way that would allow me to buy stocks/bonds/GICs/whatever for my soon-to-be niece or nephew for birthdays/Christmas, etc., that would allow me to do it without involving my brother or his wife every time I do a transaction.
Is this possible? Can anyone point me in the right direction?
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Would setting it up in your own name until he is old enough not be an option? Or is it important that it be theirs from the start?
Your family could start an RESP for him, but if your intent isn't for school only, that might not work.
Maybe make him one of your beneficiaries or something? Sorry if that sounds morbid, but just another thought.