u/snacknugget1000

My partner and I are considering opening a UTMA for my niece, mostly to begin building a financial education for her. We would hope to involve her in choosing investments (in an age-appropriate way) and learning about the stock market. We are not planning on massive contributions to this account (maybe a few hundred dollars at a time) and our primary goal is financial education. 

Are there any hidden pitfalls or considerations that we are missing? 

I know that some folks worry about kids getting access to money at a young age and blowing it, but my thought is this would be more like enough money for a good trip before college than a massive life changing quantity and I don’t mind her spending it on something fun.