Money Girl
UGMA and UTMA Accounts—Understanding the Benefits and Drawbacks
July 26, 2023
Minors typically cant own assets in their name; however, states have adopted laws that allow a custodian to hold assets for a minor until they become an adult (usually 18 or 21, depending on where yo
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Laura Adams provides short and friendly personal finance, small business, real estate, and investing tips to help you live a richer life. Whether you're just starting out or are already a savvy investor, Money Girl's advice will point you in the right dir
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