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What is another word for Uniform Gifts to Minors Act?

Pronunciation: [jˈuːnɪfˌɔːm ɡˈɪfts tə mˈa͡ɪnəz ˈakt] (IPA)

The Uniform Gifts to Minors Act (UGMA) is a legal framework that allows individuals to gift assets or financial instruments to minors. However, it's worth noting that there are different names for this act in different jurisdictions. For instance, some states in the United States refer to it as the Uniform Transfers to Minors Act (UTMA). Both acts serve the same purpose of enabling parents, relatives, or guardians to set up custodial accounts for minors, which can include investments, cash, or real estate. Whether it's UGMA or UTMA, these acts provide a convenient way to transfer assets to minors while ensuring they cannot access or control those assets until they reach adulthood.
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What are the opposite words for Uniform Gifts to Minors Act?

The Uniform Gifts to Minors Act (UGMA) is a law that allows individuals to gift money and other assets to minors without the need for a trust or guardianship. However, there are several antonyms or opposites to this concept. One antonym could be "adult control" where the assets are directly given to the adult instead of the minor. Another antonym could be "private ownership" where the assets are solely owned by the giver, without any transfer made to the minor. Additionally, "limited access" could be another antonym, where the assets are restricted and not easily accessible to the minor. Ultimately, these antonyms are the polar opposite of the UGMA concept of transferring assets to minors.

What are the antonyms for Uniform gifts to minors act?

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