Legal Question in Wills and Trusts in Massachusetts

If a child has a UGMA with a parent as Trustee and turns 18 in Massachusetts, should the funds go to the child for college tuition?


Asked on 7/02/10, 6:09 am

2 Answers from Attorneys
Alexandra Golden Golden Law Center

At age 18, a UGMA account belongs to the child and may be used as he wishes. Certainly paying tuition is a better use than some; however, depending on finances, you might want to meet with a student loan counselor about how that will impact other grants and loans.

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Answered on 7/02/10, 9:35 am
Joseph Murray Joseph M. Murray, Esq.

Yes.

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Answered on 7/05/10, 5:13 pm


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