General Construction

The Uniform Transfers to Minors Act (UTMA) is an ideal Education Savings Account for Parents & Grandparents who do not qualify to participate in a Coverdell ESA or Roth IRA and want greater flexibility and investment options than a 529 Plan will provide.

The UTMA account can accumulate significant assets.

The Custodian (parent or grandparent) has flexibility and control of the assets until the child turns 21. Remaining funds go to the Beneficiary.

Withdrawals are not restricted to college expenses, and are allowed at the Custodian's discretion for legitimate benefits of the child.

Contributions and Transfers to the UTMA become the property of the Beneficiary and are irrevocable. Ability to qualify for financial aid may be affected.

Mutual Funds, Stocks, Bonds, ETF's, and many other securities allowed.

Contribution Limit = $14,000 per year (single); $28,000 (married). There are no income limits to participate.

HOW can we help YOU?

Getting Started doing business with Us is an Easy 2-step process…

Step 1: Enter some basic information on the 'Contact Us' page.

Step 2: Complete a 10-minute telephone interview to discuss your financial situation, time-frame, goals and objectives; with no obligation, we'll answer any questions you may have, and go from there.