The Parent Wallet is an account that belongs to Account Owners and Admins. This account is used to store funds that can be sent to their child or children. 💸👦👧
It's essential to note that only the owner of the Parent Wallet can access and view this account. Furthermore, it's important to understand that Parent Wallets are not shared currently, which means that the Wallets of Account Owners and Admins are separate.