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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationUTMA Conversion
Brian R.'s profile image
Brian R.'s profile image
Brian R.
  • Real Estate Investor
  • from Dublin, OH
  • Member since May 1, 2013
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Brian R.'s profile image
Brian R.'s profile image
Brian R.
  • Real Estate Investor
  • from Dublin, OH
  • Member since May 1, 2013
Connect
Brian R.
  • Real Estate Investor
  • Dublin, OH
10
Votes |
66
Posts
Tax, SDIRAs & Cost Segregation

UTMA Conversion

Brian R.
  • Real Estate Investor
  • Dublin, OH
Posted Jun 20 2014, 10:29

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

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