Custodians of Uniform Gifts to Minors Act (UGMA) and Uniform Transfers to Minors Act (UTMA) accounts are responsible for transferring assets to the beneficiaries when they reach the age of majority. In many states, that’s at age 21, but the rules vary.
Certified birth certificate from a public agency such as the Department of Health or Bureau of Vital Statistics
Valid (unexpired) government-issued ID that includes the beneficial owner’s picture, name and date of birth (such as a driver’s license, passport or state-issued identification card)
UGMA/UTMA account assets can be transferred into a new account established by the now adult beneficiary as a sole or joint owner. To get an account application, contact your financial professional or find one by using ourfinancial professional locator. For additional assistance, contact us.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses.
This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Use of this website is intended for U.S. residents only.
American Funds Distributors, Inc.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.