Lindy wishes to leave a trust for her niece under the Uniform Transfer to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA) . What should she know about these options?
A) UTMA was designed to replace UGMA.
B) A custodial gift may be created for only one person while a trust can provide for multiple beneficiaries.
C) UTMA allows any property interest to be transferred, including real property.
D) All of the above.
Correct Answer:
Verified
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