What is UNIFORM GIFTS TO MINORS ACT?

Regulation allowing the adult right to contribute funds to a minor’s account that doesn’t need setting up a trust fund. Adult will manage the account until the holder reaches 18 years of age.

More On This Topic



Link to This Definition
Did you find this definition of UNIFORM GIFTS TO MINORS ACT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary