Also called Uniform Gift to Minors Act (UGMA) in some states. Laws adopted by most states allowing an adult to contribute to a custodial account in a minor’s name without having to establish a trust or name a legal guardian.
Also called Uniform Gift to Minors Act (UGMA) in some states. Laws adopted by most states allowing an adult to contribute to a custodial account in a minor’s name without having to establish a trust or name a legal guardian.
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