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UTMA accounts with two custodians

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

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.

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

First published on 08/06/2017

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