A UTMA or UGMA custodial account is a flexible investment account that helps minors save and invest. Many, or all, of the products featured on this page are from our advertising partners who ...

The Uniform Transfers to Minors Act (UTMA) and Uniform Gift to Minors Act (UGMA) are unique taxable custodial accounts that help you save for your kids. While you can save and control these accounts, ...

The Uniform Gifts to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA) are sometimes called the “granddaddies” of college savings accounts. Both allow parents to establish custodial ...

Firms permitting the creation and operation of custodial accounts related to Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA) transactions must take special notice of ...

A. UTMA refers to the Uniform Transfers to Minors Act, which allows a minor to receive gifts without a guardian or trustee. The account has tax advantages while the child is still a minor. For the ...

Many parents and grandparents want to set money aside for a child’s future but aren’t sure of the best way to do it. One option that often flies under the radar is using a UTMA (Uniform Transfers to ...

Our families didn't pay for my and my husband's college. We have five kids, from 13 to 4, and we know we can't fully pay for their college. Instead of going with 529 plans, we went with UTMA custodial ...

Q. My daughter’s Vanguard UTMA has about $22,000 in Admiral shares with a $14,000 long-term gain and $700 short term gain if sold today. What is the tax treatment federally and for the state? Does she ...