An UTMA account makes it easier to save up for your child’s future and is a great resource. Follow 24/7 Wall St. on Google By Marc Guberti Published Jan 4, 10:13AM EST This post may contain links from ...

So you’d like to set aside some money for your children. Perhaps you want to build an early inheritance or, more likely, you’d like to get a jump on their college fund. In either case, you’ll want to ...

The cost of higher education has skyrocketed over the last few decades, and shows no signs of slowing. That’s why it’s more important than ever that parents start saving as early as possible for their ...

(MoneyWatch) One of my clients recently asked me if they should close out their UGMA (Uniform Gifts to Minors Act)/UTMA (Uniform Transfers to Minors Act) accounts in favor of increasing their ...

Forbes contributors publish independent expert analyses and insights. William Baldwin covers investing, taxation and corporate finance. Custodial accounts make sense only if you are certain your child ...

Children aren't legally allowed in most states to own financial assets, so parents who want their children to save and invest typically open custodial accounts. One common form of custodial account is ...

It’s my annual "Taxes from A to Z" series! For the series, I’ll focus on terms that you might see on your tax forms and statements but not necessarily in the headlines. If you’re wondering whether you ...

Q. Not knowing that the age of majority for an UTMA account in New Jersey is 21, I closed my daughter's UTMA account with a broker after selling the stocks when she turned 18. I received a check for ...

It's never too early to start planning for a kid's financial future. (Heck, considering the way tuition costs keep rising, it can feel like we're all behind.) But as one Motley Fool Answers listener ...

The Money Pros are standing by to take your questions. Q. I’m looking to start a college savings account for my child. What’s the difference between a 529 account and a UGMA/UTMA account, and which is ...

Q: We have two children: one is 5, the other 13. Almost as soon as these children were born, my husband and I set up Uniform Transfers to Minors Act accounts. These accounts allow us to invest money ...