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Question

Should I discuss the UTMA with my child before they turn 21?

Answer

Absolutely, and the earlier the better. Giving a young adult context about a significant asset well in advance of the transfer may make a meaningful difference in how responsibly it’s managed. Consider explaining the account’s history, the intentions behind it, and your family’s values around the use of wealth.

Related FAQs

Can an UTMA be converted to a 529 or Roth IRA before the transfer date?

At what age does an UTMA account automatically transfer?

My child has a custodial Roth IRA. What happens to it when they turn 18?
Family & Health Estate Planning Educational Planning Parenthood Higher Education Healthcare & Medicare FAQs
Last Updated July 13, 2026
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