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Glossary > U > "Uniform Gifts to Minors Act - UGMA" Definition

Uniform Gifts to Minors Act - UGMA

An act that allows a donor to contribute to a minor"s custodial account without having to appoint a legal guardian or involve an attorney to form a trust account.

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Uniform Gifts to Minors Act - UGMA - An act that allows a donor to contribute to a minor"s custodial account without having to appoint a legal guardian or involve an attorney to form a trust account.

Uniform Gifts to Minors Act - UGMA : an act that allows a donor to contribute to a minor"s custodial account without having to appoint a legal guardian or involve an attorney to form a trust account.