UTMA & UGMA: Understanding Uniform Transfers & Gifts to Minors – Tiffany Lam-Balfour

As a parent or guardian, planning for your child’s needs is top of mind. Lots of times, this leads to a conversation about saving for college, but focusing solely on education might not be the best fit for every child. Enter the UTMA or UGMA account, also known as the custodial account. What is a…

Tiffany Lam-Balfour writes for NerdWallet. Email: tlambalfour@nerdwallet.com.

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