Just saw this and thought I'd share. Back in the early 1980's as a single parent receiving child support payments I opened (what I believe to be) the 1st UTMA checking account in NJ. Support payments were deposited and checks written for child's medical, schooling etc. It was a great way to evidence funds were used for the benefit of the child as well as for recordkeeping purposes. As an aside, the checks were printed as titled - as an UTMA account.