Please login or sign up to post and edit reviews.
UGMA and UTMA Accounts—Understanding the Benefits and Drawbacks
Media Type |
audio
Podknife tags |
Business
Investing
Personal Finance
Categories Via RSS |
Business
Education
Entrepreneurship
How To
Investing
Publication Date |
Jul 26, 2023
Episode Duration |
00:20:03

Laura answers a listener’s question about investing for a young child and reviews the pros and cons of UGMA and UTMA accounts for minors.

Money Girl is hosted by Laura Adams. girl.simplecast.com/episodes/ugma-and-utma-accounts/transcript">A transcript is available at Simplecast.

Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at 302-365-0308.

Find Money Girl on Facebook and Twitter, or subscribe to the newsletter for more personal finance tips.

Money Girl is a part of Quick and Dirty Tips.

Links: https://www.quickanddirtytips.com/https://www.quickanddirtytips.com/money-girl-newsletterhttps://www.facebook.com/MoneyGirlQDThttps://twitter.com/LauraAdamshttps://lauradadams.com/ 

Minors typically can’t 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 you live).

Laura answers a listener’s question about investing for a young child and reviews the pros and cons of UGMA and UTMA accounts for minors.

Money Girl is hosted by Laura Adams. girl.simplecast.com/episodes/ugma-and-utma-accounts/transcript">A transcript is available at Simplecast.

Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at 302-365-0308.

Find Money Girl on Facebook and Twitter, or subscribe to the newsletter for more personal finance tips.

Money Girl is a part of Quick and Dirty Tips.

Links: https://www.quickanddirtytips.com/https://www.quickanddirtytips.com/money-girl-newsletterhttps://www.facebook.com/MoneyGirlQDThttps://twitter.com/LauraAdamshttps://lauradadams.com/ 

This episode currently has no reviews.

Submit Review
This episode could use a review!

This episode could use a review! Have anything to say about it? Share your thoughts using the button below.

Submit Review