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Posts Tagged: Grandchildren

The Gift of College Funding

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.

July 13, 2013 Current Affairs, Estate Planning, Financial Planning

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