Published: May 8, 2026 at 12:42 p.m. ET
State laws vary, but if you have a Uniform Transfers to Minors Act, or UTMA, account for your child, at some point you will need to put the account directly in their name, typically after they turn 21.
In the Fix My Portfolio column, Beth Pinsker shared her own experience and offered advice on how to prepare your children to take control of their money.