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Joint custodians

Question: 
Can both of a child’s parents be custodians on a UTMA for the child’s benefit?
Answer: 

There may be one or two states that permit it. However, in almost all the states, the rule is one custodian and one minor per UTMA account.
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Learn more about John Burnett’s webinar UTMA Basics

First published on 02/02/2020

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