Do not count the asset transferred under the UTMA as the custodian's asset. The custodian cannot legally use any of the funds for their own personal benefit.
If the custodian is also the person who gave the asset, under the UTMA, to the minor child, the gift represents the transfer of an asset. If the client resides in an LTC or SLF facility, or has applied for or is receiving in-home care services through DoA, apply the transfer of asset policy provisions in PM 07-02-20.
Illinois Department of Human ServicesJB Pritzker, Governor · Grace B. Hou, Secretary
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