RESEARCH CASE 1 The CPA firm of Simon, Winslow, and Tate has been approached by a client who is interested in infor¬ mation about the possibility of establishing a minor’s Section 2503

(c) trust.

Go to the Web site www.finaid.org and then link to www.nysscpa.org/sound_advice/money_6.30.03.htm. Do a search to find information about this type of trust fund. Alternatively, use an Internet search engine to find 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.