
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: MONDAY, September 12, 1994                   TAG: 9410200108
SECTION: BUSINESS                    PAGE: EX6   EDITION: METRO 
SOURCE: MAG POFF STAFF WRITER
DATELINE:                                 LENGTH: Short

PARENTS MAY PAY LATER FOR SAVING IN CHILD'S NAME

Steeper tax rates for higher-income taxpayers have renewed interest in what for many years was a popular way to reduce taxes: parents saving money in their children's names.

This approach has some tax advantages, the Insitutue of Certifed Financial Planners said, but it also has its drawbacks.

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by CNB