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Updated over 11 years ago on . presented by

Brian R.'s profile image
Brian R.'s profile image
Brian R.
  • Property Manager
  • from Dublin, OH
  • Member since May 1, 2013

User Stats

66
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10
Votes
Brian R.'s profile image
Brian R.'s profile image
Brian R.
  • Property Manager
  • from Dublin, OH
  • Member since May 1, 2013
Brian R.
  • Property Manager
  • Dublin, OH
10
Votes |
66
Posts
Tax, SDIRAs & Cost Segregation

UTMA Conversion

Brian R.
  • Property Manager
  • 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

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