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Subject:  Use of funds in a UGMA Date:  12/19/1997  11:54 AM
Author:  brandybuck Number:  951 of 128125

Can funds in a UGMA/UTMA be used (presumably for the child' benefit) without any signficant restriction? Are there any tax implications if used? Do any records need to be kept of the transactions or does one have to prove that the funds are used for the child's benefit?

Sorry if this question has been asked and answered...I'm new to the board.
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