Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Grandparents want to give $$$ to grandaughter. Does it need to go into trust?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]That amount isn't taxable but I'd be disinclined to simply put it in a savings account where she could access it and buy a car at age 16 or blow it on clothes, for example. I'd definitely advocate for putting it in a 529 or bonds or other investment vehicle so that it benefits your DD and is available when she is an adult but not something she can access on her own while still young.[/quote] Honey minors can’t buy cars. They can’t legally enter into contracts. This is a strange post. [/quote] The post is 11 years old so the giftee is probably no longer a minor and maybe she did buy a car with the money.[/quote] Ha! Thanks I didn’t notice that. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
