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.

Frequently Asked Questions

 

 

The Transfer to Minor is a legally binding document that creates a Uniform Transfer to Minors Act (UTMA) account for the purpose of transferring property/assets to a minor. A third-party custodian is appointed over the account until the minor reaches the age of maturity.

 

 

The age of maturity for a UTMA account can vary from state to state and is either 18 or 21.

 

 

Transfers made to a UTMA account through this form are considered irrevocable - the assets cannot be taken from the minor or the UTMA account.  

 

 

If you want to transfer property or assets to a minor without going through an attorney and/or setting up a trust fund (that may incur fees and additional taxes), you can use the form to set up a UTMA account that will hold the assets until the minor reaches the age of maturity 

 

To complete your transfer, provide:

  • The Date of the Transfer: Select the date the transferor is executing this transfer.

  • Governing State: The State you select will govern the terms of the transfer.

  • Transferor Details: Give the name and address of the party transferring the assets.

  • Third-Party Custodian Details: Give the name and the address of the party that will hold the assets on behalf of the minor.

  • Minor Information: Enter the name and address of the minor that will receive the assets.

  • Transferred Assets: Describe the property being transferred into the UTMA for the minor’s benefit.

  • The Age of Maturity: Select the age the minor will receive the assets from the custodian.

 

Our propriety form generator will assist you in creating your customized Transfer to Minor within minutes. Answering the questions is not complicated – you only fill in the requested information and we will put it together for you.

Once you complete the questionnaire and place your order, it will be available for immediate download in either PDF or Word document from your secure online account including a step-by-step guide on how to use your document.   

 

 

Generally, a transfer to minor form does not need to be notarized – you only need to sign the document to make it legally enforceable. A witness may be helpful if any party attempts to contest the document, but a notary is not necessary.

 

Please Note: The use of a notary ensures that no one challenges any signatures later and is a secure way to firmly establish the effectiveness of your document.