Vanessa has received gifts subject to the provisions of the Uniform Transfer to Minors Act.When Vanessa graduates from high school at age 17 and moves away from home,she wants to terminate the custodianship.At what age does the custodianship terminate?

Question

Quizplus · Accepted Answer

Under the Uniform Transfer to Minors Act, custodianship terminates when the minor reaches the age of majority in their state. In most states, the age of majority is 18, but in some states it is 21. Therefore, the custodianship would terminate when Vanessa reaches the age of majority in her state, which is either 18 or 21 depending on where she lives.

Vanessa Has Received Gifts Subject to the Provisions of the Uniform