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Bola Sokunbi Shares Tips on How to Handle Your Finances Amid the Pandemic
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Video: Why Rapper 21 Savage No Longer Purchases Jewelry
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A Uniform Transfers to Minors Act (UTMA) is a law that allows parents to transfer assets to their children, such as cash, securities, real estate, and other types of property. The assets are held in a custodial account for the benefit of the child until they reach the age of majority in their state, which is typically 18 or 21 years old.