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Updated over 10 years ago,

User Stats

66
Posts
10
Votes
Brian R.
  • Real Estate Investor
  • Dublin, OH
10
Votes |
66
Posts

UTMA Conversion

Brian R.
  • Real Estate Investor
  • Dublin, OH
Posted

I have four kids and they each have a sum of money in an UTMA account that can be used for them. 

I wonder if there is a way to convert this money into a trust or some entity that is owned by them in the percentages of money that is in their individual accounts and then use this money to invest in real estate in their name where the proceeds go back to them?

Brian