The Uniform Gifts to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA) are sometimes called the “granddaddies” of college savings accounts. Both allow parents to establish custodial accounts for a minor child, and a grandparent can then make gifts to the account.
Posts Tagged: Gifts
“Be Giving While You’re Living so You’re Knowing Where it’s Going”
Here is a way to test drive your estate plan while you can still tweak it.