May 23, 2025
Great news for families nationwide: UTMA accounts are now available in all 50 states. With South Carolina officially adopting the Uniform Transfers to Minors Act (UTMA), families across the U.S. now have access to one of the most flexible and powerful savings tools for children.
UTMA accounts allow parents, grandparents, and other loved ones to gift and invest money in a child’s name, with the assets held in a custodial account until the child reaches adulthood. Unlike traditional savings accounts, UTMA accounts can hold a variety of assets, including stocks, bonds, mutual funds, and more, which allows for greater long-term growth potential.
At UNest, we simplify this process. Our easy-to-use app helps families open and manage UTMA accounts effortlessly, with options to automate contributions and choose investment portfolios tailored to different financial goals.
Whether you’re saving for a child’s education, future business, or simply building generational wealth, a UTMA account offers flexibility, growth, and control—all in a tax-advantaged structure.
With UTMA accounts now legally recognized in every state, there’s never been a better time to start investing in your child’s future. At UNest, take advantage of this milestone.
📲 Open your child’s UTMA account today at unest.co
