Complex sentence: In the majority of states that have adopted the Uniform Transfers To Minors Act (UTMA), the assets are treated similarly: the assets are held in the custodian's name until the child reaches age of majority.
Split into simpler sentences: In the majority of states that have adopted the Uniform Transfers To Minors Act (UTMA), the assets are treated similarly. The assets are held in the custodian's name until the child reaches age of majority.