My son was left a UTMA bank account by his grandmother.
The bank has since been taken over by another and I am no longer receiving statements or tax info. He turns 18 soon, how do I track his money down?
Answers | 2
Keep in mind that grandma could have liquidated this account before your son turned 18 and may have used the funds for her own needs.
Also, when your son turns 18, the money belongs to him and he can spend it accordingly.
If you have any further questions, feel free to reach out to us and/or let us know how it goes with the bank. Happy hunting!
The new company may have a copy of the 1099 information as well.