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Reply to "Setting aside money for children: Life Fund"
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[quote=Anonymous]OP here. Thanks for all the helpful thoughts. I completely understand the concerns about the UGMA/UTMA issues for an irresponsible child. My hope at this point is that won't be the case, but it is something to keep an eye on. Has anyone thought about the tax implications for cap gains if funds are held at the parent level? I assume there are tax strategies out there to help with these issues, but maybe they only come in to play when we are talking BIG dollars. Anyone have experience with a minors trust?[/quote]
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