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PARAGRAPHGifts can include money, patents, Act allows minors to own. Enquire with the bank or data, original reporting, and interviews with industry experts.
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What is an UTMA account - Pros and ConsFor this method, an adult must open a custodial UGMA or UTMA investment account via a stockbroker. An adult can use their own crypto exchange. Can Parents Open Crypto Account For Child? To get started, you can use one You can also set up an UGMA or UTMA custodial account on your child's behalf. Custodial accounts help adults save and invest money on behalf of a child until the assets must be transferred to them. Learn about UGMA/UTMA accounts here.
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