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One of the greatest feelings for parents or grandparents in life is the ability to share one’s wealth with children or grandchildren.  It can also be one of the most significant decisions that parents or grandparents face when they gift wealth to minors.  Because of the importance, they need to decide whether to title the assets under a state Uniform Transfers to Minors Act (UTMA) or to place then in a trust fund.  Both options have advantages and disadvantages.

 

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