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Reply to "question about UTMAs : allowable expenditures, how to expend the funds?"
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[quote=Anonymous]We have an UTMA for DS for educational savings. Seems like a PITA vehicle, intend to move to a 529 when we can. It says the UTMA expenditures are for things for the benefit of the child. So not required to be college/school. Can it be used for enrichment activities like summer camp? And if so, what is the typical mechanism to disburse the funds toward an allowable expense? TIA for any advice, we are having a hard time finding concrete info on what is and is not applicable, and how you actually spend the funds. [/quote]
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