info
On Christmas Day, the New York Stock Exchange and Capital Group’s U.S. offices will be closed.

In observance of the Christmas Day federal holiday, the New York Stock Exchange and Capital Group’s U.S. offices will close early on Tuesday, December 24 and will be closed on Wednesday, December 25. On December 24, the New York Stock Exchange (NYSE) will close at 1 p.m. (ET) and our service centers will close at 2 p.m. (ET)

Transferring UGMA/UTMA assets 

ARTICLE TAKEAWAYS

  • When assets should be transferred to the beneficiary of the account
  • Requirements to transfer assets to the beneficiary

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.

Once the beneficiary reaches the age of majority, the following should be submitted depending on who is requesting the transfer:

If the custodian is requesting the transfer, they should complete the:

If the beneficiary is requesting the transfer, they should:

  • 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 assets can be transferred into a new account established by the now-adult beneficiary as a sole or joint owner.

Other resources

UGMA/UTMA age of majority by state

Return to UGMA/UTMA accounts >

Contact us

Have questions or need additional support?
Contact us 8:00 a.m. to 7:00 p.m. ET, Monday through Friday.

(800) 421-0180

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.
Capital Client Group, 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.