[Bricejm]

Jeff - Founder/CEO - A TrustEgg account is a UTMA. TrustEgg is the custodian and we will provide the infrastructure for parents and other family members to make easy transfers into the account - both one time and recurring deposits.

[aidenn0]

Ah, that makes a lot of sense. Is there a process for using money for the beneficiary before they reach majority?

That seems the only downside of not having one of the parents retain custodianship (which is bad tax-wise if they die). It's not really a big deal for me, since I'm using my kids UTMAs as college-savings/nest-egg and have no plans of using it before they are 18.