[WSBAPT] FW: UTMA to age 18 possible?

[Kate Szurek]

I didn't see this come through on the listserv, so I'm trying again.  I apologize if it's a repeat.

Thanks for considering.

Kate

From: Kate Szurek
Sent: Thursday, November 12, 2020 12:14 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: UTMA to age 18 possible?

Client wants to transfer real property to his (very bright and capable) minor child, subject to UTMA only to age 18 - the focus being to avoid a guardianship.  I can't find anything in the statute directly on point, and https://app.leg.wa.gov/RCW/default.aspx?cite=11.114.200 at (1)(a) makes it look as though the age has to be age 21 for a gift.

Any insight?

Kate

Kate Szurek, J.D., LL.M. (in Taxation)
kate at skagitlaw.com<mailto:kate at skagitlaw.com>

[SkagitLaw_Signature (2)]
Skagit Law Group, PLLC
P.O. Box 336 / 227 Freeway Drive, Suite B
Mount Vernon, WA  98273
360.336.1000
360.336.6690 (fax)
http://www.skagitlaw.com<http://www.skagitlaw.com/>


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