The Uniform Transfers to Minors Act:
A)permits the donor to deliver the property to a custodian who acts for the benefit of the minor under the Act.
B)prohibits an adult from making a gift to a minor unless the minor is the child of the donor.
C)provides a method for making gifts to minors,who are defined by the Act as children under the age of 16.
D)provides a complicated and abstract method of transferring money to minors.

Question

Quizplus · Accepted Answer

Under this Act,the transferor (the person who gives or otherwise transfers the property)delivers,pays,or assigns the property to,or registers the property with,a custodian who acts for the benefit of the minor.