j***a
发帖数: 832 | 1 If there is birthday money in my kid's UTMA acccount, and my kid is willing
to gift that money to the parents, does it work? | M*******s
发帖数: 4074 | 2 Interesting question, I believe your kid here is a minor kid.
Not from a tax point of view, even though your kid is "willing" to gift the
money to you, if he/she is a minor, does the kid have full power to exercise
at his/her own will? If not, his/her will might be actually your will. | c**********0
发帖数: 624 | 3 yeah, the assets becomes your kids' property when 18. before that custodial
account should need some paper work and the transfer should be permanent, so
there might be some issues here.
and if you don't want to do the transfer, why did you do that at the first
place. there maybe some documents of the account itself can help you |
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