Under the Uniform Gift to Minors Act (UGMA) or the Uniform Transfer to Minors Act (UTMA), depending on which law applies in your state, an account can be established for a child. The purpose of the account is to permit someone to make gifts or transfers of property to a minor without setting up a trust. The transfers made to this type of an account are considered an irrevocable transfer to the minor in whose name the account is registered. Use this document to transfer gifts or property to a minor through a UGMA or UTMA account. Once you complete all three parts, you will have a Children's Trust that you can print. After you print the Children's Trust, you will need to have it signed by two witnesses and notorized before taking it to your attorney.
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The form is completely blank except for the the cover page and disclaimer! Complete waste of time. Why is it you can never give ZERO stars when that is exactly what is deserved!
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