In Oklahoma estate planning, the Uniform Transfers to Minors Act (UTMA) and the Uniform Gifts to Minors Act (UGMA) are both crucial pieces of legislation. This legislation is a great benefit to citizens because it allows adults to transfer assets to minors without having to create a formal trust. These tools are essential for estate planning. This is because they…
Understanding the Uniform Transfers to Minors Act and Its Comparison with the Uniform Gifts to Minors Act
