Series 7: 16.6.2.2. UGMA And UTMA Accounts

Taken from our Series 7 Online Guide

16.6.2.2. UGMA and UTMA Accounts

UGMA and UTMA accounts (see Chapter Fourteen) have some benefit to parents who do not expect to be eligible for college financial aid for their child. For minors in 2022, the first $1,150 of earnings in the account is tax-exempt. The seco

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