The Uniform Transfers to Minors Act (UTMA) is an act that allows a minor to receive gifts such as money, real estate, and fine art without aid.

Laurie Sepulveda is a MarketWatch Guides team senior writer who specializes in writing about insurance, investing, personal loans, home equity loans, mortgages and banking. She lives in North Carolina ...

How many financial accounts do you really need? With the proliferation of online banking and investment apps, it’s almost effortless to pick up a new account and end up with money all over the place — ...