The Uniform Transfers to Minors Act establishes procedures for adults to make irrevocable gifts of money and securities to minors.

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The Uniform Transfers to Minors Act (UTMA) is a law that allows adults to make irrevocable gifts of money and securities to minors. It establishes procedures and guidelines for the transfer, management, and use of these assets until the minor reaches a certain age specified by the law. UTMA is recognized in most states in the United States, although some have adopted a modified version called the Uniform Gifts to Minors Act (UGMA).

The Uniform Transfers to Minors Act Establishes Procedures for Adults