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Transfer Uniform Minors

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Instructions and help about uniform minors

hey what's up everyone welcome back to lifestage financial education here to educate empower and encourage you to make informed financial decisions this week's topic utmost what is an atma uniform transfer to minors act accounts are custodial accounts held in the minor's name controlled by a parent or relative until the child reaches their age of majority within the state that they live in they live in all right what are some benefits some benefits of enutma well an utma allows for the parent to invest or save money to invest financial assets art patents royalties real estate without establishing a trust and atma as opposed to an ugmo next question how does the account get set up accounts are set up by a parent or guardian they can also have a secondary custodian in place just in case something was to happen to the parent or guardian that's established the atma uniform transfer to minor's act account utma matt what age can the accounts transfer t

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