Extension to Uniform Gifts to Minors Act that allowed gifts other than cash, such as property, to children under the age of majority of 18 or 21 without a tax consequence or the need for a trust or lawyer. Gifts given to minors under UTMA must be held until the child becomes an adult.

Related information about Uniform Transfers to Minors Act (UTMA):

1. Uniform Transfers to Minors Act - Wikipedia, the free encyclopedia
   The Uniform Transfers To Minors Act (UTMA) is a uniform act drafted and recommended by the National Conference of Commissioners on Uniform State Laws in ...
    
2. Uniform Transfers To Minors Act (UTMA) Definition | Investopedia
   An act that allows a minor to receive gifts such as money, patents, royalties, real estate and fine art, without the aid of a guardian or trustee. Under UTMA, the gift ...
    
3. FinAid | Saving for College | UGMA & UTMA Custodial Accounts
   In most states, minors do not have the right to contract, and so cannot own stocks, bonds, mutual funds, annuities and life insurance policies. In particular ...
    
4. Saving For Education - Uniform Transfers to Minors Act (UTMA)
   If you want to give an irrevocable gift to a minor, while reducing tax liability, a UTMA custodial account may be right for you.
    
5. Uniform Transfers to Minors Act financial definition of Uniform ...
   Uniform Transfers to Minors Act (UTMA). The UTMA allows you as an adult to set up a custodial account for a minor, who owns any assets placed in the account.
    
6. UGMA/UTMA
   The Uniform Gifts to Minors Act (UGMA) and Uniform Transfers to Minors Act ( UTMA) allow a minor to own securities in an account without forcing families to ...
    
7. Montana Uniform Transfers to Minors Act (UTMA): - MSU Extension
   The Montana Uniform Transfers to Minors Act (UTMA) allows for a custodial account as one alternative for a parent or other adult who wants to make gifts ...
    
8. Uniform Transfers to Minors Act: Definition from Answers.com
   The Uniform Transfers To Minors Act (UTMA) is a uniform act drafted and recommended by the National Conference of Commissioners on Uniform State Laws in ...