>>Ira on my second point.
How about if the youngsters account is changed to:
IN TRUST FOR: Would this make a difference?

If it's in his SSN, it won't make a difference what it's titled. And, if
it's in his SSN now, you may run afoul of various laws if it's transferred out
of his SSN (for instance, transferring a UGMA/UTMA account). See info at
_www.fairmark.com_ (http://www.fairmark.com) for more information on custodial
accounts.
 
Ira Smilovitz