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Reply to "If your kids have UTMAs"
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[quote=Anonymous]Mine has one, they are 7 and it has $100,000, but it gets used for tuition. I have mixed feelings about it but it was related to estate planning and it's other family members' money, not mine. Everyone says they don't want it to pile up in case child is in some kind of precarious position at 21. But I worry about it some. I don't care if they blow it on something stupid, I'm just worried about them being in a mental health or substance abuse situation. But obviously I hope that won't be an issue. [/quote]
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