Submitted by Low-Mongoose-418 t3_zwwk59 in personalfinance
My daughter started collecting benefits when her father passed, around $80k now. I have held these funds in a guardian account with her name on it. She also has her own bank account that she manages. She is financially responsible, gets good grades, has a part time job, and is all around a great kid. Is there any reason why I shouldn’t transfer all $80k to her now? Or alternatively, I don’t believe I can legally keep the funds anyway, right? (if she wanted to use them I would let her). Just trying to make the smart parent move here. TIA