Funding your trust is the process of transferring ownership of your assets from you to your trust. To do this, you physically change the titles from your individual name (or joint names) to the name of your trust. You will also change most beneficiary designations to...
As the custodian of UTMA or UGMA assets, you are responsible for investing those assets for the child’s benefit. However, once the child attains 21 years (18 in some states), that child has the absolute right to control these assets – and do with them as...
