Open custodial account   2.

Whichever you do, make sure you have checkbook control so you can invest quicker and avoid custodial fees each time you invest.   

There are full custodial plans and checkbook plans as I mentioned and either of these can be set up with companies that act as plan document provider.   

The party with custody of the funds has the legal obligation to do this under the tax law if they hold the sales proceeds.

I had planned to open both custodial accounts and Roth IRA for them, then pay them through online payment from our business account to their custodial accounts, then transfer the money into their Roth IRA accounts.

Our credit scores took a big hit recently as we have been helping my son with his custody case, so we maxed out our credit paying for attorneys and all that fun stuff, then we had a late payment.

All Ira’s are custodial but there are plans that have a checkbook control feature allowing you to essentially bypass the custodian and save time and fees.  

You can have custodial self directed account or checkbook control.  

They actually tracked the chain of custody on the deeds of properties they had in their database to see who bought them and if they matched with any buyers in their data base they assumed these guys had back doored them.

Remember, Mortgages get sold to someone, and while it's a long custody chain with many "horse-swapping" in the mix, at end of day is the investor who is deciding where to plop down another few dozen million.