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Home / Opinion Digests / Family Law / Custodians Must Pay for Children’s UTMAs (access required)

Custodians Must Pay for Children’s UTMAs (access required)

A father and his brother who were custodians of three accounts belonging to the father’s three children under the Uniform Transfers to Minors Act violated the custodial standard of care by speculatively investing $40,000 in US Airways stock, and the Supreme Court of Virginia upholds the judgment that the father violated the applicable Prudent Person ...