Retirement
UTMA / UGMA
A custodial account holding assets for a minor; it is not the same as a 529 plan.A custodial account holding assets for a minor; it is not the same as a 529 plan.
Why a household might care
Helps connect the plan, owner, institution, beneficiaries, and supporting records.
Things to review
Holding assets for a minor under a custodial structure Review the plan type, owner, administrator, beneficiary references, and current records. Educational information only — not tax or investment advice.
Key points
- A custodial account holding assets for a minor; it is not the same as a 529 plan.
- Control generally changes under applicable state law and age rules; state-specific conclusions require verified guidance.