by Anonymous on August 10th, 2009

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Is it legal to close out my children's UGMA accounts and use the money to pay bills because we have hit very hard financial times?

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by Anonymous on August 10th, 2009
UGMA is an acronym for the Uniform Gift to Minors Act.
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Is it legal to close out my children's UGMA accounts and use the money to pay bills because we have hit very hard financial times?

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I have bad credit. i am a single mom of 2 kid one of which is disabled. and has been in and out hospital for brain surgery the last year.just need money to pay off some past due bills while i wait for my financial aid from school to arrive. thanks

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Is it legal to close out my children's UGMA accounts and use the money to pay bills because we have hit very hard financial times?

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