where can i open a uniform gifts to minors account 
a uniform gifts to minors account is an easy to understand vehicle that can be opened at a brokerage institution or a bank anyone can contribute assets to these accounts one thing that depositors should remember is that whatever they put into the accounts becomes irrevocable and the property of the beneficiary the bottom linethere are many ways that parents and others can help secure the financial futures of their children or other minors the uniform gifts to minors act provides one way to do so ugma accounts are easy to open and understand and allow individuals to contribute cash and other assets to a single underaged beneficiary they are designed to be very flexible because individuals can use them for any purpose but there are a few caveats to these types of accounts that parents should understand there are no tax benefits and deposits become irrevocable as soon as they re made if you re unsure of whether this type of account is right for your beneficiary make sure you consult a financial professional to help guide you 