The Uniform Transfers to Minors Act (UTMA) is an act that allows a minor to receive gifts such as money, real estate, and fine art without aid.

Giving young children financial gifts is a great way to help them with the expenses they’ll face as they age. However, cash ...

Whitaker Wealth explains 529 vs UTMA accounts, showing how families can save smartly for college with tax benefits and flexibility.

It’s important to consider the potential tax consequences of your investment decisions. But what about your children? What kinds of investment options are available to them — and how are they taxed?

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Saving money for your child’s future is a noble goal for ...

HUNTSVILLE, Ala. (WAFF) - When saving for a child’s future, most people consider college funds, like 529 plans. But what if you want to give your child a broader financial foundation? Custodial ...

Editor’s note: This is the fourth article in a six-part series focused on paying for education using smart financial and estate planning. Other articles focus on direct tuition payments, 529 plans, ...

Every time Kate publishes a story, you’ll get an alert straight to your inbox! Enter your email By clicking “Sign up”, you agree to receive emails from Business ...

Alongside 529 plans and custodial accounts, there is now another way to save for kids: the Trump Account. These investment accounts, introduced as part of the tax and spending bill signed into law ...