The Uncommon Advisor

Transferring Wealth And Knowledge, With Alvin Carlos


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Custodial accounts can be a great way to get around estate taxes, especially in states with limits significantly below the federal threshold. UTMAs can offer some marginal short-term tax savings, but lack many of the advantages of 529s when it comes to saving for college. Alvin Carlos of District Capital Management joins Michael to discuss the benefits and drawbacks of opening a custodial account for your child.
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The Uncommon AdvisorBy WealthChannel