Tax consequences of liquidating a utma

Posted by / 14-Oct-2017 00:40

Your student has up to ten years after his or her selected benefit use year to begin using the GET account.Many students who aren't ready for college upon graduation change their minds.You will complete a Direct Payment Request if you want GET to send money directly to the school, or a Reimbursement Request if you have paid college expenses from your own funds.Units must be held at least two years before use, and Custom Monthly Plans must be paid in full.Please review our Refund and Cancellation policy (available on the Forms page) for details.GET is one of only a few state-sponsored prepaid college tuition plans in the country with a guarantee in state law (RCW 28B.95.050).Fewer units may cover two years at a local community college.There are also other expenses to plan for, such as books, room and board, and supplies.

When your student is ready for college, we’ll send you information on how to use your units.You can transfer the account, in whole or in part, to another family member (as long as you don't exceed the 600 unit maximum).You can request a refund (see our Refund and Cancellation policy, available on the Forms page, for details).The GET Committee sets the unit purchase price with the input of an actuarial formula that takes into account estimated future tuition, projected inflation and investment returns, and administrative costs.It also includes a stabilization reserve to adjust for periods of lower-than-expected returns or higher-than-expected tuition.

tax consequences of liquidating a utma-15tax consequences of liquidating a utma-86tax consequences of liquidating a utma-27

One thought on “tax consequences of liquidating a utma”

  1. Alles was Sie tun müssen um ein Premium- (GOLD) Mitglied auf Lebenszeit zu werden und diese Funktion freizuschalten, ist, einmalig irgendeine Anzahl von Token zu kaufen!