Definitions for "Uniform Gift to Minors Act"
Laws adopted by most states allowing an adult to contribute to a custodial account in a minor's name without having to establish a trust or name a legal guardian. see also Uniform Transfer to Minors Act.
State laws under which gifts to minors may be made by transferring property to a custodian.
A provision in the Internal Revenue Code stipulating that a gift to a minor that satisfies certain requirements will not be taxed.
Keywords:  settlement, statement
Uniform Settlement Statement