Uniform Transfers to Minors Act (UTMA): What It Is and How It Works

The Uniform Transfers to Minors Act (UTMA) is an act that allows a minor to receive gifts such as money, real estate, and fine art without aid.
Richland Source

529 Plans vs UTMA: Making smart choices for education savings

Whitaker Wealth explains 529 vs UTMA accounts, showing how families can save smartly for college with tax benefits and flexibility.
WAFF

Saving for Children: Understanding Custodial Accounts

HUNTSVILLE, Ala. (WAFF) - When saving for a child’s future, most people consider college funds, like 529 plans. But what if you want to give your child a broader financial foundation? Custodial ...
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I have a UTMA account with $60k sitting in it for my son and I’m worried that 18 years old is too young to have access to that much cash

Saving money for your child's future is a noble goal for any parent, but the time eventually comes when money switches hands. UTMA and UGMA accounts go to the child when they are 18 or 21 years old, ...
CNBC

How custodial accounts help parents build a nest egg for their kids early on

If you want to start building a savings early on for your child, the perfect vehicle to do that is through a custodial account. These accounts make it possible for parents, grandparents or other ...
The Motley Fool

I Opened 4 Custodial Accounts for My Baby Nephews. Here's How Much They've Grown

When my wife was a baby, her auntie opened a gift account and invested a few thousand dollars in a low-cost mutual fund. Today, 36 years later, that account is worth about $45,000. We've never touched ...
Business Insider

I have 5 kids and can't pay for their college. I decided not to do a 529 plan, and here's how we are helping them out instead.

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I have a UTMA account with $60k sitting in it for my son and I’m worried that 18 years old is too young to have access to that much cash

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Saving money for your child’s future is a noble goal for ...