Uniform Gift to Minors

---

Gifting money to minor children can be an effective financial tool if used properly and in the right circumstances. The main purpose is to shift income taxes to the child's tax bracket. There are other uses to make a gift of assets to minor children as well.

LEAP SYSTEMS, Inc has found that placing money in a Uniform Gift to Minors Account may not be the most appropriate overall strategy for funding college education. For the few dollars it may save in income taxes, the restrictions and lost opportunity costs can potentially be significant. Restrictions on the availability of money and the loss of protection against death, disability and future income taxes make this strategy a weaker choice for many consumers than other more productive choices.

A program that pays little or no income taxes, maintains control over the assets, potentially keeps the assets out of the hands of creditors, and completes the plan in the event of death or disability would be far superior. Consumers should consider all of the alternatives for funding college tuition and other costs before selecting the Uniform Gift to Minors approach.

LEAP SYSTEMS, Inc provides a complete and comprehensive approach to college education funding techniques that provide a full range of benefits for consumers.

Comments

[happyttyy]

I am apreciating it very much.I have never read such a lovely article and I am coming back tomorrow to continue reading. baume and mercier