Transferring an UGMA/UTMA When Custodianship Ends
Once a minor reaches the age at which the custodianship terminates according to the state's specific UGMA/UTMA law, the custodian must transfer the fund shares to the sole name of the minor.
The custodian must provide a signature-guaranteed letter of instruction stating that the minor has reached the age of termination or a completed Instruction to Terminate Custodianship Form. The letter or form must be signed by the custodian (with signature guarantee) confirming the minor has reached the applicable age of termination. You may also provide a photocopy of a birth certificate as proof of age. A signature guarantee may be obtained from a bank, savings and loan association, trust company, credit union, broker/dealer or other eligible guarantor institution.
The former minor (who is to be the sole registered owner of the shares) will need to complete and sign a new Account Application.
Any outstanding shares in certificate form must be returned to Franklin Templeton Investor Services, LLC, by registered or certified mail so we can process your request.
You need Adobe Acrobat Reader 6.0 or higher to view and print PDF documents. Download a free version from Adobe's website.
For U.S. residents only.
Clicking OK below will take you to an independent site. Information and services provided on this independent site are not reviewed by, guaranteed by, or endorsed by Franklin Templeton or its affiliates. Please keep in mind that this independent site's terms and conditions, privacy and security policies, or other legal information may be different from those of Franklin Templeton's site. Franklin Templeton is not liable for any direct or indirect technical or system issues, consequences, or damages arising from your use of this independent website.