UGMA/UTMA Accounts in a Divorce
In this article, we’re going to discuss UGMA/UTMA accounts in a divorce and cover everything you need to know. What is UGMA/UTMA? The Uniform Gift to Minors Act (UGMA) and the Uniform Transfer to Minors Act (UTMA) are acts that permit trust accounts to be set up as vehicles to hold and protect assets for …