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 …

Nov 28, 2025 · How UGMA and UTMA Accounts Work for Minors Master UGMA/UTMA rules: irrevocable gifting, strict custodian duties, Kiddie Tax implications, and mandatory transfer of …

This guide explores custodial account types (UGMA and UTMA), tax treatment under kiddie tax rules, contribution limits and gift tax implications, state-specific age of majority requirements, …

2 days ago · It's called the Uniform Transfers to Minors Act (UTMA), a type of custodial account that allows parents or other caretakers to pay expenses for anything child-related, including …

This is, in essence, what a UTMA account provides. It's a legal and financial tool, established by state law, that creates a simple and inexpensive way to make an irrevocable gift to a minor.

Nov 18, 2022 · A UTMA account is a custodial account in which an adult manages the funds on behalf of the child until that child reaches the state’s age of majority (usually somewhere …

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. …

A UTMA or UGMA account is a taxable investment account that an adult custodian (parent, guardian, relative, etc.) controls on behalf of a minor until the child becomes a legal adult.