Meaning Uniform Transfer to Minors Act
What does Uniform Transfer to Minors Act mean? Here you find 8 meanings of the word Uniform Transfer to Minors Act. You can also add a definition of Uniform Transfer to Minors Act yourself

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Uniform Transfer to Minors Act


Law enacted in many states that lets you leave assets to a minor by appointing a custodian. In most states, the minor receives the assets at legal age.
Source: estateplanning.com

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Uniform Transfer to Minors Act


Definition UTMA. Law which extends the Uniform Gift to Minors Act's definition of a gift to include real estate, fine art, patents and royalties.
Source: investorwords.com

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Uniform Transfer to Minors Act


Also called Uniform Gift to Minors Act (UGMA) in some states. Laws adopted by most states allowing an adult to contribute to a custodial account in a minor's name without having to establish a tr [..]
Source: mosaicwealthconsulting.com

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Uniform Transfer to Minors Act


Also called Uniform Gift to Minors Act (UGMA) in some states. Laws adopted by most states allowing an adult to contribute to a custodial account in a minor's name without having to establish a trust or name a legal guardian.
Source: debbiecharpentier.com

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Uniform Transfer to Minors Act


Also called Uniform Gift to Minors Act (UGMA) in some states. Laws adopted by most states allowing an adult to contribute to a custodial account in a minor's name without having to establish a tr [..]
Source: saulsimon.com

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Uniform Transfer to Minors Act


The Uniform Transfer to Minors Act (UTMA) is similar to the Uniform Gift to Minors Act and supersedes that legislation in the states that have adopted it. The age of trust termination for most UTMAs i [..]
Source: edvisors.com

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Uniform Transfer to Minors Act


A tax-advantaged custodial account for college savings. An adult acts as the custodian for the account and makes all the investment decisions until the beneficiary reaches the age of majority. These a [..]
Source: collegeinvest.org

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Uniform Transfer to Minors Act


This is a popular method of saving money under a child's name, based on the theory that the child has a lower tax rate than the parent. The parent or some adult family member acts as the "custodian" until the child is 18 years of age.
Source: collegeplanningservices.org

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