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Edward Collins | Money Lawyer & Wealth Strategist on Instagram: "Why Trusts Are the Smart Choice Over UTMA/UGMA Accounts? Many business owners initially consider UTMA (Uniform Transfers to Minors Act) or UGMA (Uniform Gifts to Minors Act) accounts for their children's financial future. However, these accounts have a major drawback—once the child reaches the age of majority, they gain full control over the assets, regardless of their financial maturity. A trust offers a more strategic solution by
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