As a parent or guardian, planning for your child’s needs is top of mind. Lots of times, this leads to a conversation about saving for college, but focusing solely on education might not be the best fit for every child. Enter the UTMA or UGMA account, also known as the custodial account. What is a…
The article UTMA & UGMA: Understanding Uniform Transfers & Gifts to Minors originally appeared on NerdWallet.
https://www.nerdwallet.com/article/investing/utma-ugma
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