What are UTMA and UGMA accounts? Are there better alternatives? Read this blog by my friend and colleague Steve Hartnett, an estate planning expert, to learn more about these accounts, their drawbacks, and better alternatives.
What are UGMA and UTMA Accounts?
Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
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