I am custodian for an account and stock that my daughter has. I sold the stock due to a financial emergency. My daughter turned eighteen prior to the sale, but I am still listed as custodian. I assume we both sign the check, but whose account should it go into, or doesn't it matter?
Assuming that the check was issued in the form of "[YOUR NAME], CUSTODIAN FOR [DAUGHTER'S NAME], UTMA", it does not need to be endorsed by your daughter. It should be endorsed by you as custodian, and deposited to a custodial account for your daughter under the UTMA, or to an account in your daughter's name. In the latter case, your daughter may need to endorse the check a second time so that the deposit can be completed.
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Assuming that the check was issued in the form of "[YOUR NAME], CUSTODIAN FOR [DAUGHTER'S NAME], UTMA", it does not need to be 