Legal Question in Wills and Trusts in California
can a CUTMA to age 25 be established at age 23 if named in a trust?
Asked on 7/25/19, 3:39 pm
1 Answer from Attorneys
No. The "M" in CUTMA is "minor," meaning under 18 at the time the gift is made. You can set up a trust that is not distributed to a young adult beneficiary until they are 25, or even older, but it would not be a CUTMA trust. It would have to be a standard trust.
Answered on 7/25/19, 4:20 pm
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