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 ...

Due to his father’s untimely passing, Todd has started receiving $700 every month in Social Security benefits. The Social Security Administration’s (SSA) survivor benefits are meant to help support ...

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, ...

Saving for your child's future, and in turn teaching your child about investing, can be among the biggest long-term concerns for any parent. One way to do both is with a custodial brokerage account, ...

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 ...

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 ...

Custodial accounts like UGMA and UTMA accounts are designed to allow adults to save and invest on behalf of a minor child. Like most financial products, there are pros and cons to using custodial ...

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.

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 ...

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 ...