A good friend is having a baptism party for their infant kiddo in a few weeks and I thought it might be fun to give a gift of a share of VTI if there's a way to do it without an onerous level of paperwork.
Mom and Dad (mostly Dad) are lightly into the investment game so they'd know what it means. I know Dad is working on setting up a custodial account for the kiddo to hold gift monies that are outside the 529 account and he'll probably be using VTI or similar broad market funds for investment - he's fairly MMMish in that regard.
Is there a way to actually gift a share without creating a paperwork or tax nightmare for everyone involved? It would be nice if there was a way to do a "ceremonial" paper certificate to go along with it. It wouldn't have to be VTI so I'm open to suggestions if there are better funds to make it work. I'm not sure I want to gift an actual company stock - I don't have good reasons why, though. I assume at least one parent would have to be listed as a custodian or guardian since we're talking about an infant.
Feel free to say this is a dumb idea, too. :D It's just something that crossed my mind as being a little different but I don't want it to be a burden.
