Category: Estate Planning

How To Transfer UTMA Accounts To Children To Pay Less Taxes - F

How To Transfer UTMA Accounts To Children To Pay Less Taxes

Most doctors and other high income professionals typically want to do two things financially to help their families: Pay less taxes and teach their kids about money. One way that they can accomplish both is by employing children at their businesses/practices (consult your CPA for rules before doing so). By doing this, they’re able to…