06/02/2026
Custodial Account Transfer Document (UTMA/UGMA Transfer)
What is it: A legal document used to transfer custodial assets—such as bank accounts, investments, or property—to a minor beneficiary under the Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA).
Why: Ensures proper legal transfer of inherited assets to minors, establishes custodial control until the child reaches legal age, protects the minor's financial interests, and provides clear documentation for tax and estate planning purposes.
When planning for your children's future, trust a qualified LDA Professional. Contact Teuninck & DeBishoppe, Inc at 408-209-3224.