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Reply to "Helping kid invest $"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What is your concern re UTMA/UGMA? That’s what we have and it’s been working fine. [/quote] +1, our kids should have at least 100k+ by the time it is turned over to them. [/quote] Concerns include that you're turning over money to the young adult unrestricted and that they count as the kids assets when financial aid is determined.[/quote] The money will count against you for financial aid either way unless you put it in a grandparent's name or soemthing.[/quote]
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