Uniform Transfers to Minors Act
n.
An act governing transfers of property to a trust managed by a custodian for the benefit of named minors; an act called the Uniform Gifts to Minors Act was the original law of this type, but the Uniform Transfers to Minors Act has replaced it in most states.
abbrv.
UTMA

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


Uniform Transfers to Minors Act
A statute, adopted by almost all states, that provides a method for transferring property to minors and arranging for an adult to manage it until the child is old enough to receive it. Often called by its acronym, UTMA.
Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate
Category: Wills, Trusts & Estates → Wills

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • Uniform Transfers to Minors Act — The Uniform Transfers To Minors Act (UTMA) is a uniform act drafted and recommended by the National Conference of Commissioners on Uniform State Laws in 1986, and subsequently enacted by most U.S. States, which provides a mechanism under which… …   Wikipedia

  • Uniform Transfers to Minors Act — See Transfers to Minors Act …   Black's law dictionary

  • Uniform Transfers to Minors Act — ( UTMA) A law similar to the Uniform Gifts to Minors Act that extends the definition of gifts to include real estate, paintings, royalties , and patents . Bloomberg Financial Dictionary …   Financial and business terms

  • Uniform Transfers to Minors Act - UTMA — An extension of the Uniform Gifts to Minors Act that allows items other than cash or securities to be considered gifts. Other gifts that minors can receive include real estate, art, patents and royalties …   Investment dictionary

  • Uniform Gifts to Minors Act — See Uniform Transfers to Minors Act abbrv. UGMA The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. Uniform Gi …   Law dictionary

  • Uniform Gifts to Minors Act — The Uniform Gifts to Minors Act, commonly known as UGMA, is an act in some states of the United States that allows assets such as securities, where the donor has given up all possession and control, to be held in the custodian s name for the… …   Wikipedia

  • Uniform Gifts to Minors Act — See Gifts to Minors Act Transfers to Minors Act …   Black's law dictionary

  • Transfers to Minors Act — See Uniform Transfers to Minors Act The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • Transfers to Minors Act — The Uniform Transfers to Minors Act (UTMA) revises and replaces the Uniform Gifts to Minors Act (UGMA). As expanded, the Act allows the transfer of any type of property, real or personal, tangible or intangible, and wheresoever located (within or …   Black's law dictionary

  • uniform laws — n. Compilations of laws that address various subject areas and attempt to make the law in those areas uniform, such as the Uniform Commercial Code, Uniform Consumer Credit Code, and Uniform Transfers to Minors Act; also called uniform acts. The… …   Law dictionary

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