Hi guys, i don’t know if this has been asked or talked about. If it already has, please bear with me. If not, all advise welcome. Thanks.
I’m thinking about investing in my son’s future. He turned 1 year old on the 5th of last month. I’d like to buy stocks in his name, alongside mine to prevent any and all unnecessary hassle in the future transfers. My plan is to get him some long term stocks and ETFs until he’s 20, thereafter it’ll be up to him.
Nothing too HUGE, I’m not rich, just a lowly Service Tech, hehe.
Is this possible or allowed for poor folks like myself? It’s my understanding that rich folks can build a 'Trust for their kids… How do I go about this as cheaply and stress-free as possible? I live in Belgium.
Thanks for your time and input.