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2023 Maryland Statutes Estates and Trusts Title 13 - Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults Subtitle 3 - Maryland Uniform Transfers to Minors Act
(e) On petition of an interested person or the minor if the minor has attained the age of 14 years, the court may order the custodian to deliver or pay to the minor or expend for the minor’s benefit so much of the custodial property as the court considers advisable for the use and benefit of the minor.
Protection of Minors, Disabled Persons, Susceptible Adults, and Older Adults (Refs & Annos) Subtitle 3. Maryland Uniform Transfers to Minors Act (Refs & Annos) § 13-321. Transfers made under Maryland Uniform Gifts to Minors Act. (1) The transfer purports to have been made under the Maryland Uniform Gifts to Minors Act; or.
Subtitle 3 - MARYLAND UNIFORM TRANSFERS TO MINORS ACT. Subtitle 3 - MARYLAND UNIFORM TRANSFERS TO MINORS ACT. Browse as List; Search Within; Section 13-301 - Estates and Trusts; Section 13-302 - Law governing; Section 13-303 - Contingent transfers; Section 13-304 - Irrevocable transfer to custodian by individual;
9 authority of a custodian of property under the Maryland Uniform Transfers to 10 Minors Act to transfer custodial property to a qualified minor's trust without a 11 court order; providing for the application of this Act; and generally relating to a 12 transfer to a qualified minor's trust and joint c ustodians of property under the
Whether you are a parent, grandparent, aunt, uncle, or friend, you can use a UTMA Account to make a gift to a minor child. If you decide to use a UTMA Account, you will need to appoint a Custodian to manage the account.
Maryland Uniform Transfers to Minors Act (Refs & Annos) § 13-304. Transfers by individuals. A person may make a transfer by irrevocable gift to, or the irrevocable exercise of a power of appointment in favor of, a custodian for the benefit of a minor pursuant to § 13-309 of this subtitle. Added by Acts 1989, c. 638, § 1, eff. July 1, 1989.
