California  |  Administrative Law

Legal Question

Asked on: 8/27/08, 10:25 am

CA UGMA & UTMA Until the Age of 21, 24, 25

For securities account assets (mutual funds, stocks, tsy bonds, etc.), under UGMA & UTMA CA, is there an exception to the age of majority at age 18, of when to turn over account assets to the minor?  If an account is marked ''Until the Age 21, 24 and even age 25'', does this extend the date when assets have to be turned over to the minor beneficiary?  And, under what circumstances can a minor demand the assets after age 18 if not turned over until the ''Until Date''?

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