Custodial Accounts

Custodial accounts at Alamo Capital. We offer several types of custodial accounts.

• Custodian – UTMA/UGMA – UTMA stands for The Uniform Gifts to Minors Act, and UTMA stands for The Uniform Transfers to Minors Act.  They are virtually similar in all respects and are accounts where a custodian or investment advisor manages and oversees an investment account for a minor. The state laws vary when it comes to taxation and majority
• Guardianship - A court appointed fiduciary who has been instructed by the court to handle the affairs and monies of a person who is legally disabled.
• Conservatorship - An entity or organization is subjected to the legal control of an external entity or organization, known as a conservator. Conservatorship is established either by court order (with regards to individuals) or via a statutory or regulatory authority (with regards to organizations).
• Custodian – Foreign

Source: Wikipedia

Revised 2/6/2012