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 Letter of Instruction to Sell and Liquidate a Brokerage Account for Family Trust 2012-2025

Utma Webmail 2012-2025 Form

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Instructions and help about what does utma mean on a check

[Applause] [Music] there are a number of accounts that can be used to save for our college education for children such as the Coverdale education account or the most popular one is the 529 plan but Al too often our clients ask us um what accounts are available that I can put money aside for my children that I'm not committed to use it for college uh because my child may not of college material or they may not go to college and choose some other career path and uh most of the time we talk to them about uh unified gift of miners account uh or we refer to it as a ugma ugma uh this is an account that uh you can put money into the the child's account it's underneath their social security number and it's basically their money however they have no say so of where the money gets invested or when the money gets withdrawn because there's a custodian on the account now the custodian is typically the parent or sometimes the grand grandparent or another adult

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