POD and UTMA

Posted By: Anonymous

POD and UTMA - 05/05/22 08:30 PM

My understanding is that an UTMA account may not have a named POD beneficiary. If the minor passes the funds would be distributed to the minor's estate or according to state law. Is this correct?
Posted By: rlcarey

Re: POD and UTMA - 05/05/22 09:03 PM

Yes - unless State law specifically allows a POD designation.
Posted By: Anonymous

Re: POD and UTMA - 05/06/22 12:22 PM

Thanks