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Are UTMA co-custodians allowed?

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Can Mom and Dad be co-custodians for their baby’s UTMA?

In most states, no. The UTMA in most states permits only one custodian and one minor per account. You will want to look at your state’s version.


Learn more about Mary Beth Guard’s Accounts for Babies, Kids, Teens webinar.

First published on 10/10/2021

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