Under UTMA, the guardian generally must give the property to the minor upon turning age:

Under UTMA, the guardian generally must give the property to the minor upon turning age:

• A. 18
• B. 21
• C. 25
• D. 30

Answer: (B)

UTMA sets up a custodial arrangement where assets are managed for the minor until they reach the age of majority. The usual termination point is 21, at which time the guardian must deliver the property to the minor (or allow the minor to take control), unless the transfer instrument specifies a different age. That’s why 21 is the correct answer.

UTMA sets up a custodial arrangement where assets are managed for the minor until they reach the age of majority. The usual termination point is 21, at which time the guardian must deliver the property to the minor (or allow the minor to take control), unless the transfer instrument specifies a different age. That’s why 21 is the correct answer.