Money from Grandma?

mominva
Mon, 10 May 2010 22:31:07 +0000

If Grandma takes the money out and pays the school directly, her receipt will show the UTMA funds were used for your son’s benefit, should Grandma be audited.
This will allow for an annual additional up-to-$13,000 gift to your son (if Grandma so chooses).