A two edged sword. On a UTMA or UGMA usually the kid gets the money when they achieve adulthood...could be a good thing or could be a bad thing. We had one of each...thankfully, we were able to delay the "kid with challenges" from getting the money until it came time to purchase a house. But it could have been very very bad for them to have access to six figures. I'd look for a way to keep full control AND to have control when junior hits adulthood.
BTW, Big Foot is real. Just affirming your screen name.
Best of luck in the future.
Hip
BTW, Big Foot is real. Just affirming your screen name.
Best of luck in the future.
Hip
Statistics: Posted by HipCoyote — Sun Dec 29, 2024 2:53 pm — Replies 8 — Views 288