Transferring UGMA/UTMA assets 

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.  

Custodians can transfer assets by sending us a: 

  • Transfer/Registration Change Request
  • Photocopy of either a certified birth certificate or valid government-issued ID for the account beneficiary who has reached the age of majority

Valid proof of age (submit a photocopy of either document)

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 our financial professional locator. For additional assistance, contact us.

Other resources

UGMA/UTMA custodial accounts

Submit documents online

Update your account information

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