Uniform Gift To Minors Act

Uniform Gift To Minors Act

Uniform Gift To Minors Act means:
a law or enactment (called also UGMA) adopted by most U.S. states (Uniform Laws) that sets up rules for the distribution and administration of assets in the name of a child. UGMA provides for a custodian of the assets, often the parents, but sometimes an independent trustee.


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