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living trusts Tag

What to Consider When Leaving Money to Minors

living trusts

If you are considering setting up a fund for your children - it may seem like a confusing process but you don’t have to do it alone. There are various options when deciding how to leave money to a minor like living trusts. As minors can’t own investments outright, it is important to choose an option that best fits your intentions. At Siegel Law Group, we help you understand your options and choose the best one. Let’s talk about UGMA and UTMA UGMA is a Uniform Gift to Minors while a UTMA is a Uniform Transfers to Minors. The greatest distinction between...

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