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 RysMom on August 10th, 2009
I don't know if it's legal but it is advisable. I heard a financial advisor say that you should worry about keeping your family alive TODAY when you're in the middle of a financial pinch. Let the kids worry about savings/college when they get there. If you starve them today, there won't be a future!
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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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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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