SIE: 8.2.7.2. Uniform Transfers To Minors Act (UTMA) Accounts

Taken from our SIE Online Guide

8.2.7.2. Uniform Transfers to Minors Act (UTMA) Accounts

UTMA accounts are similar to UGMA accounts, although the former can include a greater range of assets, including real estate. Also in contrast to an UGMA account, an UTMA account allows the custodian to name a transfer age beyond the age of majority in the state—it may be as high as age 25, but the age limit varies by state.

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