UGMAs are:
A) Unrestricted.
B) Restricted to financial assets as investment vehicles.
C) Restricted to limited partnerships as investment vehicles.
D) Restricted to real estate as investment vehicles.
E) Both c and d.

Question

Quizplus · Accepted Answer

UGMAs (Uniform Gifts to Minors Act) accounts are restricted to financial assets as investment vehicles, such as stocks, bonds, mutual funds, and insurance policies. They do not include investments in limited partnerships or real estate directly.

UGMAs Are