Uniform Transfers To Minors Act Utma

Definition of "Uniform transfers to minors act (utma)"

Hovick  and  Lina
  ONE Real Estate

Act in which a life insurance company is permitted to transfer the death benefit from the policy to the custodian of a minor beneficiary provided the beneficiary designation has specifically nominated the custodian to receive the death benefit on behalf of the minor.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ