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Utma Successor Custodian Form

Utma Successor Custodian Form

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Video instructions and help with filling out and completing Utma Successor Custodian Form

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Instructions and help about sample of successor custodian letter of designation

hey everybody welcome back to investing with wesley you know unfortunately a couple of you have commented saying that your parents or guardians had set up this custodial account for you and then as time progresses all of a sudden you turn the age of majority you become an adult and they keep the money and you're wondering just how that could happen and how can that be and is there anything you could do about it so today's episode i'm going to talk to you about just that the issues with certain custodial accounts let's get into it so as i explained to you in a previous video ugh accounts are custodial accounts and these are the original kinds of custodial accounts that a parent or guardian can set up for a minor and with an ugly utma account anyone can set these accounts up you don't have to be a blood relative it just has to be an adult and a minor but the biggest issue with custodial accounts like the utma is typically the custodian and the person putting money into this account are u

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