The Uniform Transfers to Minors Act (UTMA) and Uniform Gift to Minors Act (UGMA) are unique taxable custodial accounts that help you save for your kids. While you can save and control these accounts, ...

Planning for a child’s education requires careful consideration of several factors, including asset ownership, tax implications (including FICA taxes) and financial aid eligibility. Two popular ...

When it comes to saving for college, you have a lot of options, from 529 plans to Coverdell Education Savings Accounts and pre-paid tuition plans. But old-fashioned custodial trust accounts are also ...

Firms permitting the creation and operation of custodial accounts related to Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA) transactions must take special notice of ...

Many parents and grandparents want to set money aside for a child’s future but aren’t sure of the best way to do it. One option that often flies under the radar is using a UTMA (Uniform Transfers to ...

The Uniform Gifts to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA) are sometimes called the “granddaddies” of college savings accounts. Both allow parents to establish custodial ...

It’s my annual "Taxes from A to Z" series! For the series, I’ll focus on terms that you might see on your tax forms and statements but not necessarily in the headlines. If you’re wondering whether you ...

The Uniform Gifts to Minors Act (UGMA) or the more flexible Uniform Transfers to Minors Act (UTMA) are custodial acts that parents or adults set up for minors. The purpose for doing so is largely to ...

Q When my son was born 16 years ago, my father set up a college account for him. He subsequently has created accounts for my other two children as well. These accounts are Uniform Gift to Minors ...

The Money Pros are standing by to take your questions. Q. I’m looking to start a college savings account for my child. What’s the difference between a 529 account and a UGMA/UTMA account, and which is ...

It's never too early to start planning for a kid's financial future. (Heck, considering the way tuition costs keep rising, it can feel like we're all behind.) But as one Motley Fool Answers listener ...