Event Calendar

Tuesday, May 2, 2023

Webinar - Minor Accounts Options & Transactions

Start Date: 5/2/2023 9:00 AM MDT
End Date: 5/2/2023 10:30 AM MDT

United States 

There are so many questions regarding minor accounts.  Who can set one up?  When are minors allowed to transact or prohibited from transacting?  What about issuing ATM cards, debit cards, or checks?  This webinar will explore the different types of minor accounts – UTMAs, informal or Totten trusts, accounts for minors with income from sports or entertainment, and more.  In addition, it will tackle some of the stickier issues, such as whether to allow or require an adult as a joint accountholder, who has authority over a UTMA when a custodian dies, considerations for issuing access devices (cards and other EFT services), and what happens if the minor dies.


Preferred Providers