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• 1. R

     Cash gift to minor child

     Although I have issues with my wife (my son’s mother) and are planning to divorce, we are not yet divorced or separated. My son lives with her mother. If I give that $10,000 cash to her as a gift to my son, will that gift be LEGALLY counted as my gift to my son, or whether we are required to...

     • reverbn
     • Post #23
     • Jun 16, 2022
     • Forum: Juvenile Law
  2. R

     Cash gift to minor child

     Many thanks for all the information. To make sure I am correct, I can do either of the following (of course, giving cash directly to child is not advisable as the child can spend that money; similarly, giving cash to a relative on behalf of the child is not advisable as the relative can spend...

     • reverbn
     • Post #17
     • Jun 15, 2022
     • Forum: Juvenile Law
  3. R

     Cash gift to minor child

     My apologies, the child lives in Florida. I am also moving to Florida next month. To avoid confusion, I changed the state to Florida in my earlier posting.

     • reverbn
     • Post #5
     • Jun 13, 2022
     • Forum: Juvenile Law
  4. R

     Cash gift to minor child

     What is the name of your state? Florida I want to give cash gift $10,000 to my 14 year old child. I read https://www.investopedia.com/terms/u/ugma.asp that “UGMA accounts can be opened through a bank or brokerage institution…. the assets are usually placed in UGMA accounts on behalf of minors...

     • reverbn
     • Thread
     • Jun 13, 2022
     • Replies: 35
     • Forum: Juvenile Law