UTMA Texas Guide: Secure Your Child's Future
Planning for your child's financial future can feel overwhelming, but understanding the Uniform Transfers to Minors Act (UTMA) in Texas simplifies the process. This guide provides actionable steps to establish and manage a UTMA account effectively, minimizing risks and maximizing benefits. Understanding UTMA in Texas: A Simple Gift-Giving System UTMA in Texas is a straightforward way to gift assets to your minor child without the complexities of trusts. You transfer assets to a responsible adult, the custodian, who manages them until your child turns 18....