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Check Made out to CUST and Minor now Adult

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Pedas2

Junior Member
What is the name of your state? What is the name of your state? Arizona

If a check is made payable to the order of

"Person X CUST
Person Y
UTMA
Mailing Address of Person X"

and Person Y is no longer a minor, who is legally authorized to deposit the check?

How would a bank know if Person Y is no longer a minor?
 


adjusterjack

Senior Member
Why are you making out the check that way?

Is there an UTMA account that the check will be deposited into?

If the check is made out to custodian then the custodian can deposit it. But you'd better make sure that depositing funds after the minor comes of age doesn't trigger tax problems.
 

Just Blue

Senior Member
What is the name of your state? What is the name of your state? Arizona

If a check is made payable to the order of

"Person X CUST
Person Y
UTMA
Mailing Address of Person X"

and Person Y is no longer a minor, who is legally authorized to deposit the check?

How would a bank know if Person Y is no longer a minor?
We don't do homework or hypothetical questions.


Px Hx.
 

Pedas2

Junior Member
Why are you making out the check that way?

Is there an UTMA account that the check will be deposited into?

If the check is made out to custodian then the custodian can deposit it. But you'd better make sure that depositing funds after the minor comes of age doesn't trigger tax problems.

There is no UTMA account the check will be deposited to. Person X and Person Y have their own separate bank accounts.
 

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