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Once a Uniform Transfer to Minors account is established, what age does the minor need to reach before the assets can be transferred into their name?

April 26, 2017account age assets minor minors REACH transfer transferred Uniform

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Once a Uniform Transfer to Minors account is established, what age does the minor need to reach before the assets can be transferred into their name?

1 Answer

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The age of majority in most states is 21. Please note that the legal age a person may establish an account is different than the age of majority. Age of majority is the age that each state establishes that a minor may take possession of gifted funds or assets.