PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Rainy_Day_Woman who wrote (681498)	5/4/2005 3:22:58 PM
From: ManyMoose	Read Replies (1) of 769667

There is a problem with the idea. When a child reaches majority, should he not then have control over his own finances? What if he needs that nest egg for college? To buy a new jeep? To pay hospital bills? To blow on weed? How do you assure that the child stays out of the money until retirement age? By then it should be a sizable amount, but only if he didn't raid it for other purposes. The grandparent or parent may not be capable of co-managing such a fund in later years. What happens to the money if the child dies? Maybe some of the lawyer guys around here might have suggestions.

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