CONTENT Accounts ATM / Debit Cards Business Accounts Certificates of Deposit Checking Accounts Credit Card Accounts Online Banking / Billpay Retirement Accounts Savings Accounts Trusts Checks /    Money Orders Checks You Received Checks You Wrote Money Orders Lending Business Credit Credit Cards Home Equity Home Mortgage Personal Student Loans Vehicle Loans Manage Your Money Debt Management Personal Finance My bank said. . . Safe Deposit Boxes Scams / Fraud Identity Theft Internet Fraud / Phishing Special Situations Deceased Individuals Foreign Customers Incapacitated Individuals Minors Powers of Attorney Special Topics Bank Failures Off to School   DEPARTMENTS Ask a Banker Banking Blog Banking Lingo Banking Tools Discussions Multimedia Podcasts Videos Resources   DETAILS Site Index Site Map Site Orientation Link to Our Site About Advertising About Us Legend for Icons  Article    Q&A  Podcast  Video  Blog  Discussions PDF    Powerpoint BankingQuestions.com Web Print Friendly Version! Email This Article! Discuss NOW! Accounts for Kids under the UTMA There are lots of reasons to set aside money in a child's name. Using a law called the Uniform Transfers to Minors Act (UTMA) to do it provides a solid legal framework that protects the child, provides guidance to the adult and to the bank, and makes it easy to access the funds when needed for the child's benefit. John Burnett and Mary Beth Guard explain what the UTMA is, how it works, where it's in effect, and why you might want to use it.   Accounts for Kids under the UTMA Click on the link to initiate the podcast. It may take a few seconds to load. Subscribe to BankingQuestions.com podcasts on iTunes . Accounts |  Lending | Manage Your Money | Safe Deposit Boxes  | Scams/Fraud BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more. Privacy Policy |  Disclaimer  |  Recommend This Site!  | Site Index | Link to Our Site  | Email Us