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Well...consider an irrevocable trust for your daughter. Since she's only 3, you have MANY years to grow the irrevocable account, and the trustee will then be bound to release funds only on the terms of the trust. Funds can be released for college expenses, perhaps a car, things like that. But the trustee can draw the line at tattoos and kegs of beer.

Thanks, Roy.

Looks like I've got some more research to do.

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