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 Web site www.finaid.org/savings/2503ctrust.phtml. 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.