Uniform Transfers to Minors Act (UTMA) and Trusts Comparison Chart (IL) | Practical Law

Uniform Transfers to Minors Act (UTMA) and Trusts Comparison Chart (IL) | Practical Law

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Uniform Transfers to Minors Act (UTMA) and Trusts Comparison Chart (IL)

Practical Law Checklist w-000-2706 (Approx. 7 pages)

Uniform Transfers to Minors Act (UTMA) and Trusts Comparison Chart (IL)

by Practical Law Trusts & Estates
MaintainedIllinois
A Comparative Chart that explains the differences between using a custodianship established under the Illinois Uniform Transfers to Minors Act (UTMA) and a trust, for managing the property of a minor.