Planning for a child's education requires careful consideration of several factors, including asset ownership, tax implications (including FICA taxes) and financial aid eligibility. Two popular ...

The Uniform Transfers to Minors Act (UTMA) is an act that allows a minor to receive gifts such as money, real estate, and fine art without aid.

・Teen brokerage accounts like Fidelity Youth are owned and controlled by the teen, while UGMA/UTMA custodial accounts are owned by the minor but controlled by the parent until the age of majority.

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 ...

Teaching children about money management early can be a powerful tool in setting them up for financial success. On a recent episode of the Women & Money Podcast, Suze Orman answered a question from an ...