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To: LemonHead who wrote (14578)	1/26/2001 12:27:44 AM
From: matvest	Read Replies (1) of 18928

HI Keith, I think there are only two ways to go on your son's investment account, the UGMA or a Trust. As several have stated the UGMA is both cheap to set up and maintain, BUT at 18 it is his money. The trust will require paying a lawyer and additional paperwork, BUT you can keep control of the money until well after he is grown. Unless the amount is so small that he can't get into trouble with it at 18, I would favor the trust. I know that according to my son, I had an amazing increase in IQ between his 18th and 22nd birthdays. :) I personally think the UGMA should be changed to allow distribution to the beneficiary at 21. Anyway, FWIW, I would suggest you talk to a lawyer versed in estate planning for advice specific to Arkansas. Good luck and I hope he appreciates your thoughtfulness. Larry M

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