UGMA


Also found in: Financial.
AcronymDefinition
UGMAUniform Gifts to Minors Act (largely replaced by UTMA)
UGMAUnion of German Malayalee Associations (Kerala cultural group; est. 1984)
UGMAUrban Gospel Media Alliance
UGMAUser Generated Media Alliance
UGMAUrban Growth Management Agreement (Oregon)
UGMAUnited Gospel Musicians Association (Ghana)
References in periodicals archive ?
Luckily, most QTP plans allow assets held in UGMA and UTMA accounts to be transferred to a QTP.
Ownership and beneficiary arrangements involving minors are governed by either the Uniform Transfers to Minors Act (UTMA) or the Uniform Gifts to Minors Act (UGMA) (see page 562).
The Uniform Gifts to Minors Act (UGMA), The Uniform Transfers to Minors Act (UTMA) Accounts, and Coverdell Education Savings Accounts (formerly known as Education IRAs) are just some of the traditional ways to fund college.
Jennings: "In dealing with a family that had twins with special needs, they were 17 years old and had approximately $40,000 in UGMA accounts that was going to prevent them from getting government benefits for a period of time.
The most direct method of giving funds to children is making gifts under the Uniform Gifts to Minors Act (UGMA) or under the Uniform Transfers to Minors Act (UTMA).
Remembrances to Fidelity UGMA Scholarship Fund in Anchorage, Alaska, for her daughters.
Be aware that assets may be transferred to a child through a Uniform Gift to Minors Account (UGMA), to another person by gift, to a trust, or to a corporation, but the Service's reporting is on the other entity's Social Security number or employer identification number (EIN).
UGMA or UTMA accounts can also be used to save for college.
UGMA POSTGRADUATE SYSTEM MANAGEMENT MODEL BASED ON BALANCED SCOREDCAR
The Dark Tree is thus a sequel to that book as well, providing the first detailed account of the community arts movement surrounding Tapscott that began in 1961 with the formation of the Underground Musician's Association (UGMA).
Many states' version of the UGMA (Uniform Gifts to Minors Act) or UTMA (Uniform Transfers to Minors Act) allows a custodian for a child to purchase and/or maintain life insurance.