Custodial Account
-The Uniform Transfers to Minors Act (UTMA) is a way for children under 18 years old to own stock or other property.
-Any adult can set up a custodial account for any child under age 18.
-The Custodial Account is transferred to the child when the turn 18 years of age.
-The Uniform Transfers to Minors Act (UTMA) is a way for children under 18 years old to own stock or other property.
-Any adult can set up a custodial account for any child under age 18.
-The Custodial Account is transferred to the child when the turn 18 years of age.