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by onedognight
4868 days ago
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> You can set-up your own UTMA, but you would need to be the custodian. Quoting wikipedia[1] on the difference this makes. > The donor can serve as a custodian, rather than transferring the property to someone else to hold for the minor. However, the value of custodianship property is included in a donor’s gross estate if the donor dies while serving as the custodian. [1] https://en.wikipedia.org/wiki/Uniform_Transfers_to_Minors_Ac... |
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