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Custodial Accounts (UTMA)
Save for your child or grandchild's future needs.
Key Features
A custodial account under the Uniform Transfers to Minors Act (UTMA), available through PNC Investments, allows you to save for your child or grandchild's future needs. This includes higher education expenses.
Pricing & Fees
For pricing and fee information, please contact PNC Investments or see the PNC Investments Products and Services Overview.
Gift Tax Exclusion
Contributions to custodial accounts under UTMA qualify for the annual federal gift tax exclusion, up to $17,000 for 2023.
Beneficiary Guidelines
Though there are a few exceptions, in most cases the beneficiary has no right to the assets in the account until he or she reaches age 18 (or 21, in some states).
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Associated Products & Services
The following information may be provided by PNC Investments affiliates, including PNC Bank, PNC Private Bank℠ or PNC Institutional Asset Management®: