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Transferring an UGMA/UTMA When Custodianship Ends

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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.

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    For U.S. residents only.