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
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Illinois
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.