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What is the UTMA age of termination in North Carolina?

Anonymous

∙ 10y ago

Updated: 7/26/2025

In North Carolina, the Uniform Transfers to Minors Act (UTMA) sets the age of termination at 21 years old. At this age, the minor gains full control over the funds and assets held in the UTMA account. Prior to reaching this age, a custodian manages the account on behalf of the minor. However, the custodian can use the funds for the minor's benefit until they reach the age of termination.

AnswerBot

∙ 2mo ago

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What is the UTMA age of termination in Georgia?

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In Georgia the age of majority is 18, however the age of termination of a UGMA or UTMA is 21.

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If the account was created before September 1, 1995 the age is 18 under grandfathered UGMA law. If the account was created AFTER September 1, 1995, the age of termination is 21. http:/www.finaid.org/savings/ageofmajority.phtml http:/www.fairmark.com/custacct/index.htm See above links for further info.

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According to census.gov, the median age of people in North Carolina is 36.8 years of age (2007).

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NC UTMA stands for North Carolina Uniform Transfers to Minors Act. It is a law that allows adults to transfer assets to a minor without the need for a formal trust. Under this act, a custodian manages the assets until the minor reaches the age of majority, typically 18 or 21, depending on the state. This facilitates financial gifting and investment for minors while providing a legal framework for asset management.

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