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Elder Law Attorney Tucson AZ
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Daily Archives: March 31, 2019

UTMA Account

UTMA Account Belongs to Adult Beneficiary

NewsletterBy Robert FlemingMarch 31, 20193 Comments

The Uniform Transfers to Minors Act (UTMA) is a popular choice for making gifts to minor children. A UTMA account is easy to set up, essentially free to administer, and does not involve lawyers, courts or even (usually) accountants. But UTMA accounts continue to be the source of confusion. Who actually owns a UTMA account?…

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