<p>We told DS how much we had in the UGMA since he was a jr in HS. And continued on. Eventually he asked for the MSMoney file that tracked his UGMA.
Turn over most of UGMA when he had a rare weekday visit and were able to get notarizations. </p>
<p>We told him that the he would be responsible for the PLUS payments, (he always did since the payments were coming out of his UGMA). We pyramided the PLUS loans. 
Should have done more of it-and he would be wealthier for it if did. </p>
<p>We still have one small UGMA account (DRIP) that we are in the process of transfering-not easy thing to do.</p>
<p>Buy the offspring, Life Insurance. Something that they would never do or have the experience in doing. Parents be the owner, kid makes the payments.</p>