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Financial Planning / Paying For College


Subject:  Re: Parent vs Child Assets Date:  8/10/2001  10:43 AM
Author:  reallyalldone Number:  4187 of 8558

So my daughter could give Grandma a Christmas present paid for with her own money (I presume this is still legal), but she couldn't just give Grandma the money?

The child wouldn't have access to the money in a UGMA account until he/she reaches majority. They can do what they want with other money of their own prior to majority.

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