A few days ago
Can withrawl’s be made from a custodial acct. to pay for a child’s expenses? How much annually and what type
Can withrawl’s be made from a custodial acct. to pay for a child’s expenses? How much annually and what type
Top 2 Answers
A few days ago
Favorite Answer
Here is some information from the source site:
Making withdrawls:
While the custodian manages the account, redemptions can be made at any time for the benefit of the child beyond the normal cost of providing for the child.
The child can spend the money any way he or she chooses after taking control of the account at legal termination age, depending on the age of termination of the UGMA or UTMA under the enacting state.
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A few days ago
I dont know, may be not; but I found interesting information about your answer, college loans,SCHOLARSHIPS, college grants here. http://all-student-loan-consolidation.blogspot.com/2007/07/scholarships.html Good luck!
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