UTMA

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  • 1 Types
August 31, 2024 3 min read Definitions
Custodial Accounts (UGMA/UTMA): Financial Accounts for Minors
Finance Banking Investments Custodial Accounts UGMA UTMA Minor Accounts Financial Planning
Custodial Accounts (UGMA/UTMA) are financial accounts that facilitate the transfer of assets to minors without restrictions typically found in other specialized plans, although they do not provide specific tax benefits like those of a 529 plan.
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August 24, 2024 4 min read Definitions
Uniform Transfers to Minors Act (UTMA): Comprehensive Overview and Practical Applications
Finance Law Real Estate Investments UTMA Minors Financial Planning Custodial Accounts Asset Transfer
A detailed exploration of the Uniform Transfers to Minors Act (UTMA), explaining its purpose, how it functions, the types of assets it covers, legal considerations, and practical examples.
Read more about Uniform Transfers to Minors Act (UTMA): Comprehensive Overview and Practical Applications.

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