All of the following are true of custodial accounts, except: Group of answer choices custodial accounts represent a way parents can indefinitely control children. minors can set up custodial accounts with a parent. minors can set up custodial accounts with an older relative or friend. custodians can withdraw money from a custodial account for the benefit of the minor.

custodial accounts represent a way parents can indefinitely control children

Explanation:

A custodial account is a financial account like the bank account, the trust fund or the brokerage account that could be set up for the beneficiary benefit and it is held by the responsible person who we called as the legal guardian

So as per the given situation, the above statement should be considered as it does not represent the way in which the parents could have the indefinite control with their children

Therefore the same is to be relevant