Uniform Transfers to Minors Act - UTMA
An extension to the Uniform Gifts to Minors Act that allows items other than cash or securities to be considered gifts.
Investopedia Commentary
Other gifts that minors can receive include real estate, art, patents and royalties.
See also: Custodial Account, Estate, Fiduciary, Gift, Guardian IRA, Uniform Gifts to Minors Act - UGMA
Also spelled: UTMA