High-Plains
Returning Member

Get your taxes done using TurboTax

I set these UTMA accounts up to help fund the kid's educations.  The kids understand that while they have legal rights to access this money (they are no longer minors), it's not their money.  They will release ownership willingly.  I want to remove them as owners so that they will no longer be responsible for any dividends and capital gains on their tax returns.  Thanks for your thoughts on this.