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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76095  
Subject: Re: Retirement for GrandChildren Date: 12/24/1999 9:33 AM
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Greetings, 060637, and welcome. You asked:

<<I plan on putting 5K into some sort of vehicle which the grandchildren (ages 1-3)can't touch until they are 50 or 55. The problem is the money will come from a IRA and I'm not sure how to stucture the vechicle so they won't pay taxes every year? >>

In the absence of a formal trust with a Crummey provision (something you need a lawyer to develop), there is no way you will be able to restrict access to the fruits of that gift when the kids reach the age of majority. For further details on making gifts to and investing for children, see our Investing for Kids area at http://www.fool.com/money/investingforkids/investingforkids.htm.

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