Wow. Thanks for all the responses. I wondered about the tax implications after my credit union said they don't do kids accounts and that I can open an account in my name and have bubba as the trustee. Which wasn't ideal for me only as I would have super easy access to that money. So I went to a new bank and opened up an account in bubbas name only with me as signatory so that's much better but yeah, I guess for tax purposes it is 'hidden'. Interesting!!