UTMA (Uniform Transfer to Minors Act) ACCOUNTS
- Are transfers to an UTMA account revocable? Can I take them back out?
- Can I control what the minor uses the assets for?
- Are there donation restrictions to an UTMA account?
- Are the assets considered the custodian’s property?
- Who manages the assets in an UTMA account? Can it be managed by multiple people?
- Are there any minimums associated with UTMA accounts? Or other fees?
- How do I create a free UTMA account?
- What type of assets can be invested in an UTMA account?
- Why should I consider an UTMA account?