> You can set-up your own UTMA, but you would need to be the custodian. Quoting wikipedia[1] on the difference this makes. > The donor can serve as a custodia

> You can set-up your own UTMA, but you would need to be the custodian. Quoting wikipedia[1] on the difference this makes. > The donor can serve as a custodian, rather than transferring the property to someone else to hold for the minor. However, the value of custodianship property is included in a donor’s gross estate if the donor dies while serving as the custodian. [1] https://en.wikipedia.org/wiki/Uniform_Transfers_to_Minors_Act https://en.wikipedia.org/wiki/Uniform_Transfers_to_Minors_Ac...