Ken Coleman
👤 SpeakerAppearances Over Time
Podcast Appearances
Nine and 12.
Nine and 12.
Oh, wow.
What was the lump sum?
That's incredible.
Okay, and do we think we're going to use, obviously, a portion of this for college expenses?
You know, it's hard to say.
Okay.
And the UTMAs, you got the UTMAs, those will transfer to them, I don't know in Texas what the laws are, but is it 18 or 21?
Okay.
Depending on your state?
So I would look that up to see.
Because that's the downside of the UTMAs.
Your kid, it'll be legally in their name at 18, a million bucks.
And so they can do what they want with that as adults.
And so there's a risk there.
I hope they grow up to be well-adjusted kids who use the money for good and they buy their first home in cash and do all kinds of amazing things.
Because you guys, I'm guessing, have set them up for that.
That's the goal.
Okay.