Uniform Transfers to Minors Act - UTMA

What Does Uniform Transfers to Minors Act - UTMA Mean?
An extension of the Uniform Gifts to Minors Act that allows items other than cash or securities to be considered gifts.

Investopedia explains Uniform Transfers to Minors Act - UTMA
Other gifts that minors can receive include real estate, art, patents and royalties.

Related Terms

Account In Trust
Custodial Account
Estate
Fiduciary
Gift
Guardian IRA
Uniform Gifts to Minors Act - UGMA
More Related Terms

Related Links

Leaving Inheritance To Children Easier Said Than Done - Consider your own retirement needs when deciding whether to leave an inheritance.
Designating A Minor As An IRA Beneficiary - Leaving liquid assets like cash or securities to minors can be a complicated procedure. Make sure you understand how your gift will be distributed, managed and taxed.

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