What you don’t know can take a nasty bite out of your estate.
Posts Tagged: Scott Makuakane
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.