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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.
‎February 9, 2020
8:30 AM