Aaron, if you go that route, make sure to check out the drawbacks. I believe there are financial aid implications for different kinds of accounts. You could also purchase I-Bonds for your nephew, which can be used for college expenses. Again, check out the financial aid, tax, and accessibility (does it automatically transfer to the minor upon adulthood?) issues for UTMAs, 529s, and I-Bonds and make the best decision for your nephew and his family. Congratulations to your family!
Statistics: Posted by Curb Fan — Wed Mar 06, 2024 4:13 pm — Replies 8 — Views 327