Can the minor named in the account liquidate the funds once they turn 21?
Answer Margot a UTMA account is subject to the laws of your state and the minor who is named in the account is entitled to the account upon reaching “majority”. This is usually either age 18 or 21. You can probably find out by “googling your state’s name along with UTMA. If you have problems just tell me what state you reside and I’ll be happy to research the age for you.
