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When is a Trust not a Trust?…..when it is a Custodial Account

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  1. lipstick

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Top 1.   Feb 19, 2002 11:52 AM

» lipstick - UTMA

How do you set up an account?

My live-in boyfriend and I have a Shared Living Trust. Separate from the Trust is a life insurance policy which lists his minor daughter as a beneficiary along with myself. We would like to make myself as the custodian of her designated percentage. How is this accomplished outside of a trust or will?

Thank you!

-- posted by lipstick



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