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click here | | | | | | If You Spend Your Child's UTMA Money, You're Breaking the Law | |  | Joshua Kennon
Investing for Beginners Expert | | | | If You Spend Your Child's UTMA Money, You're Breaking the Law | | Did you know that once you child becomes an adult, they have the authority to "compel an accounting" under the UTMA laws of most states, which will require you to provide a penny-by-penny record of everything you've ever done with the money that was gifted to them? In fact, despite the misguided advice of some financial planners, multiple court states have ruled against parents and ordered restitution plus penalties when they used the kid's money for the child's own medical expenses since that is a parental obligation that doesn't justify what the courts see as effective theft. | | | | | | | Profiting from Tax Free Spin-Offs | When companies reorganize themselves, you can often make money by hanging on to shares of businesses that are separated through the spin-off process. | | | | | Tests of Safety for Municipal Bonds | Do you invest in municipal bonds? If so, here is a checklist of things you should consider for each and every bond before you allow it in your investment portfolio. | | | | | | | | | You are receiving this newsletter because you subscribed to the Investing for Beginners newsletter.
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