Sheffield Estate Planning Blog

Importance of Custodial Accounts for Minors

In our trusts, we usually include a provision that any monies that would be paid out of the trust to a minor child will be left to a custodian, selected by the trustee, in a California Uniform Transfers to Minors Act (CUTMA) Account.  Today at Heckerling, Natalie Choate, in her presentation on Beneficiary Designations for Retirement Plans suggested that a CUTMA account would also allow the distributions from a qualified retirement plan to be accumulated at least until the age of twenty-one (21) of age (which is the age most states require accounts to end), and maybe even to the age of twenty-five (25 which is the age that California terminates these accounts..

Testing BlogJet

I have installed an interesting application - BlogJet. It's a cool Windows client for my blog tool (as well as for other tools). Get your copy here: http://blogjet.com

"Computers are incredibly fast, accurate and stupid; humans are incredibly slow, inaccurate and brilliant; together they are powerful beyond imagination." -- Albert Einstein

Testing Again

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Test Post

This is my very first post for my new blog.  After Zach finishes, this is going to look really great and everyone is going to want to read it daily.