The Custodial Account You Opened for Your Grandson Becomes Legally His the Day He Turns 21, and He Can Spend It on a Car. A 529 Never Does.
UTMA custodial accounts automatically transfer full legal control of the money to the grandchild on the state’s termination age, typically 21, after which the former custodian has no legal authority over how the funds are spent.
Aug 23, 2026 ·
Yahoo Finance


















