How To Help Your Child Buy Real Estate and Make Them WEALTHY by 21! UTMA Account Explained

In this video I will discuss what a UTMA account is and some pros and cons associated with this type of custodial account.
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Video Details :
Music- KZbin Studios
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Disclaimer- *I am not a financial advisor and this is not financial or tax advice. Some links in the description may be affiliate links in which I may receive a commission for at no additional charge to you. Thank you for supporting my channel so I can continue to provide free content!

[@samiammons2024]

You go girl! Keep them coming. 😊

[@MoneyMovesWithK]

Absolutely! Thanks for the support

[@duclostchabo9822]

We love you K

[@RichmondStar510]

Thank you for sharing 💎

[@MoneyMovesWithK]

No problem thanks for watching!

[@ainteeshelly330]

You are my SHERO !

[@MoneyMovesWithK]

I appreciate it and thanks for the support!

[@ainteeshelly330]

Question…What 18 or 21 year old is savvy enough to know what to do with that money? Hopefully they will absorb what I will teach them about the FUTURE.

[@MoneyMovesWithK]

Yes that is the goal and implementing financial literacy is key. Thanks for watching

[@lamatt13]

Hi! Any idea if real Estate can be purchased before they take ownership of the account? Could they buy Real Estate at 16 (with parents as co-signor)? Or equipment to start their own business prior to age 18?

[@MoneyMovesWithK]

A Utma can be used for the direct benefit of the child even before the age of majority depending on the state you are in. Also ensure you research and ask questions when choosing your custodial account provider. Thanks for watching

[@artsahagun]

Are you a real estate agent as well?

[@MoneyMovesWithK]

We are investors! Thanks for watching