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Subject:  Re: Kids, UTMA accounts, feuding parents Date:  1/10/2013  12:26 AM
Author:  makasha Number:  117335 of 124773

Thank you, ira. From reading it's my understanding that the custodian of the account may take money from the account to spend for the benefit of the minor. This sort of shifts the conundrum.

Could a person make an argument that paying back child support with money in a UTMA account FBO the minor(s) in question....benefits the minor?

At least I was incorrect in my thinking that the savings accounts could not be used for car $$ for the kids.

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