Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Children and Investing -- Ignore unavailable to you. Want to Upgrade?

To: Early Out who wrote (7)	11/2/1998 12:55:00 PM
From: peter michaelson	Respond to of 22

Yes, John. That's pretty much what we're doing for now. However, there are disadvantages of holding most of the 'kid' money in a separate account owned by yourself. (speaking now of US taxpayers only). One disadvantage is that the money is not totally segregated. You or your spouse could suddenly decide to invade those funds. This is an issue particularly in case of divorce, which I am not planning on but try to plan for just in case. We're talking about the kids' futures here. Second, from an estate tax point of view, one is not taking advantage of the ability to gift money tax free. I happen to be a somewhat older parent - no, not that old! (mid 40's) - and have enough (just enough) assets that estate tax will become an issue in the future. Neither of these disadvantages is of immediate import for most parents, but are something to consider in setting up a long-term plan, I think. peter