ColeenD3
Expert Alumni

Investors & landlords

Yes. See the blue link for more information.


The Uniform Transfers to Minors Act (UTMA) allows a minor to receive gifts without the aid of a guardian or trustee.

  • The minor can avoid tax consequences until they attain legal age for the state.
  • The donor can name a custodian who has the fiduciary duty to manage and invest the property on behalf of the minor until the minor becomes of legal age.