Oct 6, 2025 · The Uniform Transfers to Minors Act (UTMA) is a law that enables adults to gift various assets to children through a custodial account until the child reaches the age of majority.

Custodial accounts help adults save and invest money on behalf of a child until the assets must be transferred to them. Learn about UGMA/UTMA accounts here.

May 9, 2025 · Similar to UTMA accounts (Uniform Transfers to Minors Act), these accounts hold assets managed by a custodian until the child reaches adulthood. They are opened and held through a bank …

Jul 8, 2025 · What is a UTMA Account? UTMA stands for Uniform Transfers to Minors Act. Think of it as a special type of custodial account that allows you to save and invest money, as well as transfer …

3 days ago · UTMA accounts are one of the two main types of custodial accounts. A custodial account is an investment vehicle that enables adults to save cash or other assets for minors in a tax-beneficial …

Oct 31, 2025 · A UTMA or UGMA account is a taxable investment account that an adult custodian controls on behalf of a minor until the child becomes a legal adult.

Sep 5, 2024 · A UTMA account, created under the Uniform Transfers to Minors Act (UTMA), lets minors receive and hold gifts such as money, real estate, fine art, and other assets without needing a formal …

Nov 5, 2025 · UGMA and UTMA accounts are custodial accounts that are owned by minor children and administered by adult custodians until the account holders reach adulthood. UGMA and UTMA …

May 5, 2025 · They are referred to as a UGMA/UTMA account, and you can open one at just about any online broker. UGMA and UTMA stand for the Uniform Gifts to Minors Act and Uniform Transfers to …

Jul 12, 2023 · UTMA accounts are custodial accounts that allow adults to transfer assets to minors without the need to establish a formal trust. These accounts are designed to provide a …