Site: nolo.com
... If you don't, and a minor child inherits money, one of three things will happen:
If state law allows ... If the amount is relatively small—generally, a few thousand dollars, depending on state law and ... Custodians are authorized under a law called the Uniform Transfers to Minors Act (UTMA), which has been ... Delaware law, for example, requires the beneficiary to be "a natural person." ... And before Georgia changed its law recently, charitable corporations couldn't be POD beneficiaries of ...