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Ji-Yung is 14 years old and a young entrepreneur. She is interested in investing some of her savings in real estate. She recently found a small house that she can rent out to college students. Her dad has agreed to the idea. Ji-Yung and her dad learned that the property will need to be held in a custodial account until Ji-Yung turns 21. Which custodial account can be used in this situation

Respuesta :

Answer: UTMA

Explanation:

Based on the information given in the question, the custodial account thatt can be used in this situation is referred to as the UTMA.

The Uniform Transfers to Minors Act (UTMA) is a custiduany account which enables a minor receive gifts like patents, money, real estate etc without requirung the help of a trustee or maybe a guardian or trustee.

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