SI ATL01120.204 Uniform Gifts To Minors Act

See SI 01120.204

The following is a list of the current ages of majority for the states in the Atlanta Region. Alabama, Florida, Kentucky and North Carolina have repealed the UGMA in favor of the Uniform Transfers to Minors Act (UTMA). In all instances of change, the controlling age of majority is the one in effect at the time the instrument making the gift was executed. Use of the trust funds is likewise limited to the language of the statute governing that trust.

In each state in our region, the age shown is the age at which a person is deemed an adult, the age a person is no longer deemed a minor, and the age at which a guardian relinquishes any and all gifts.

STATE

CURRENT AGE OF MAJORITY

Alabama

21 1/ See Note

Florida

21 2/ See Note

Georgia

21

Kentucky

18

Mississippi

21

North Carolina

21 3/ See Note

South Carolina

21 4/ See Note

Tennessee

21 5/ See Note

1/ Age 21 effective 10/1/86. Prior to this, age of majority was 19.

2/ In Florida, the age of majority was 21 for all gifts made prior to 7/1/73 to persons who were not age 21 prior to 7/1/73. From this date to 10/1/85, 18 was the age of majority.

Florida repealed the UGMA and adopted the UTMA effective 10/1/85 and changed the age of majority back to 21.

3/ Age 21 effective 10/1/87. Prior to this, age of majority was 18.

4/ Age 21 effective 8/2/2002. Prior to this, the age of majority was 18.

5/ Age 21 effective 10/1/1992. Tennessee law also provides that the transfer can be withheld until the minor's attainment of up to age 25 if the instrument so provides and if the gift is inter vivos (donor is still alive) and the instrument further states that not deferring transfer will cause the gift to be a future interest that will cause adverse tax consequences. Prior to this, the age of majority was 18.


To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0501120204ATL
SI ATL01120.204 - Uniform Gifts To Minors Act - 07/02/2008
Batch run: 01/27/2009
Rev:07/02/2008