Uniform Transfers to Minors Act UTMA

Is a Custodial Account Right For Your Family?

Is a Custodial Account Right For Your Family?

If you’re considering opening an investment account for your minor child or grandchild to help him or her save for the future, a custodial account can be a useful option. Indeed, for many families, a custodial account strikes the right balance between gifting assets to a child and maintaining oversight

Esthefania Lopez2025-10-13T11:00:45-06:00October 13th, 2025|

Pros and Cons of Minor Custodial Accounts

Pros and Cons of Minor Custodial Accounts

Setting up an investment account for your minor child can be a tax-efficient way of saving for college or other expenses. And one of the simplest ways to invest on your child’s behalf is to open a custodial account under the Uniform Gifts to Minors Act (UGMA) or Uniform Transfers

Sonya Foster2023-11-28T12:31:11-07:00November 28th, 2023|