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.

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 ...

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, ...

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 ...

As a parent, it’s natural to want to give your child every advantage you can. One way to give them a financial leg up is by opening a custodial account on their behalf. Custodial accounts are ...

There’s an old proverb that says if you give a man a fish, you can feed him for a day. But if you teach a man to fish, you feed him for a lifetime. The same can be said for teaching your child to ...

You’ll be able to start saving for their future. With college costs climbing, starting early is key. Not only will you benefit from compounding interest, but some accounts are structured in a way that ...

***Money is not a client of any investment adviser featured on this page. The information provided on this page is for educational purposes only and is not intended as investment advice. Money does ...

Parents have the opportunity to build funds for their child’s education through savings vehicles like a 529 plan or a custodial account. Both of these options allow adults to store away money that ...

Suze Orman, renowned for giving financial advice on her "Women & Money" podcast, recently advised a woman looking to open brokerage accounts for her four grandchildren, aged 7, 5, 2, and two months.

Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff. A custodial account is a ...