I am looking to invest on behalf of my 21 yo niece. It will be a gift.
The seed will be $1500 now, adding $500/year, until age 30.
If she were a kid, it would be an UGMA account. Is there an adult version?
My default option is to open an account in my name, gift it when the time comes, and just supply update along the way.
She will have knowledge of the gift and progress.
There is a reason it cannot be in her name until age 30. So gifting now and sending her $500/year is not an option.
The seed will be $1500 now, adding $500/year, until age 30.
If she were a kid, it would be an UGMA account. Is there an adult version?
My default option is to open an account in my name, gift it when the time comes, and just supply update along the way.
She will have knowledge of the gift and progress.
There is a reason it cannot be in her name until age 30. So gifting now and sending her $500/year is not an option.
Statistics: Posted by ReadyOne — Sat Sep 07, 2024 10:59 am — Replies 1 — Views 124
