Custodial accounts are a common way for parents and grandparents to save or invest on behalf of a minor, but they often raise tax questions. The IRS generally treats the minor as the taxpayer but ...

Here's an article on 529 Plan vs Custodial Account to help you decide which one is a better choice for your grandchildren in ...

・Custodial investment accounts (UMGA and UTMA) are taxable investing alternatives to 529 plans and Roth IRAs ・These accounts act as traditional brokerages for your children ・New tools allow you to ...

Until recently, astute high-net-worth parents wishing to fund their children's future education expenses could save a bundle in taxes by transferring money or investments to accounts established under ...

A few months ago the federal government took two actions that parents of college-bound kids need to know about. One could be a boon to financial-aid applicants. The other closes the “ladder tax” ...

Many parents and grandparents want to set money aside for a child’s future but aren’t sure of the best way to do it. One option that often flies under the radar is using a UTMA (Uniform Transfers to ...