debtstricken Posted December 7, 2004 Report Posted December 7, 2004 I'm looking to transfer an in trust for account out of my daughters name. I did not know that it would penalize her when it came time to apply to college. It's in a mutual fund that already didn't bounce back from a big loss after 9-11. Are there fees or penaltys that would make a transfer a bad idea? If the fund is closed will they let you change names and keep the account? We live in NY State, and need to know what options we have. Thanks
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