Do
you want to start saving for a child, but don't want them to have
access to the funds? Then you should think about a
Uniform Transfer to a Minor account. The child cannot make withdrawals
from a UTMA until they reach the legal age of 21. As the custodian
of the UTMA you may make deposits or withdrawals from the child's
UTMA for the benefit of the child at any time with no penalty.
What a great way to save for a child's first computer or college
education.
Benefits:
Child does not have access to funds until they reach the legal age of 21
Main Branch 424 N. Bradner Ave., Marion, IN 46952 voice: 765.664.8089, fax: 765.668.4331
South Branch 1312 W. 44th St., Marion, IN 46953 voice: 765.664.8089, fax: 765.673.6331
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Do
you want to start saving for a child, but don't want them to have
access to the funds? Then you should think about a
Uniform Transfer to a Minor account. The child cannot make withdrawals
from a UTMA until they reach the legal age of 21. As the custodian
of the UTMA you may make deposits or withdrawals from the child's
UTMA for the benefit of the child at any time with no penalty.
What a great way to save for a child's first computer or college
education.