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  1. Hard Assets Alliance
  2. Accounts, Taxes and Reporting
  3. UTMA (Uniform Transfer to Minors Act) ACCOUNTS

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?
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