Free Transfer to Minor
A legally binding document that creates a Uniform Transfer to Minors Act (UTMA) account for the purpose of transferring property/assets to a minor.
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Suppose you want to transfer assets/securities to a minor for him/her to have access to after reaching the age of maturity - but you do not want to go through an attorney or set up a trust fund. An alternate option is to create a Uniform Transfer to Minors Act (UTMA) account with the Transfer to Minor form.
Using the Transfer to Minor form allows a person to transfer assets/property to a minor without incurring added fees and expenses. The UTMA account provides a custodian to oversee the assets until the minor reaches the proper age to possession of the account.