Problem

The CPA firm of Simon, Winslow, and Tate has been approached by a client who is interest...

The CPA firm of Simon, Winslow, and Tate has been approached by a client who is interested in information about the possibility of establishing a minor's Section 2503(c) trust.

Go to the website http://www.finaid.org/smings2503ctrust.phtml. Alternatively, use an Inter-net search engine to and other analyses of a Section 2503(c) trust.

Required

Based on the results of this search, write a memo for the client outlining the requirements, design, advantages, and disadvantages of a minor's Section 2503(c) trust so the client can make an informed decision.

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