Reply To: Hypothetical Q: for a mistaken withdrawal from UTMA

Home Fairmark Forum Kids and College Hypothetical Q: for a mistaken withdrawal from UTMA Reply To: Hypothetical Q: for a mistaken withdrawal from UTMA

#61149
Kaye Thomas
Moderator

Yes, just return the money to the account, and keep a record of what happened. In the unlikely event the account was deprived of any substantial earnings as a result of this money not being there, a fully proper response would be to restore that amount as well, although this may not be a requirement.