A law adopted by every state that creates a method for setting up a trust as a
gift to minors. The gift is made by setting up a trust in the name of the
custodian or registering the property in the name of the custodian “as
custodian for . . . .” The statute also sets forth the terms under which the
custodian may make withdrawals to be used for the benefit of the minor. Unless
otherwise specified by the donor, the custody of the trust goes to the minor
upon reaching age 18. Otherwise, custody passes at age 21.