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nolesrule t1_iyeto0z wrote

Reply to comment by grinch1225 in Whats the best way to help provide financial support for my new nephew/niece? by SunnyBunnyBunBun

I don't know if I'm reading this the way you intended but funds in UTMA and UGMA accounts can't be used to pay for the regular expenses of caring for a child. Rather they can be used for enriching expenses.

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grinch1225 t1_iyetsm5 wrote

I was stating that the funds could be given/used by said minor at a future date, sorry if I was unclear about that!

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