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All she needs to do is present proof of identity and age to the broker and the account will be retitled in her name. The broker may not even have to change the account number.

I had a UGMA account that my dad had set up, and when it dawned on me that I should change it to my name, probably when I was about 29 or 30, all I had to do was send proof of identity and age as Ira noted, and the account was retitled.

As rad noted, the MIL has no control over the account once the daughter has reached age of majority, and it is not up to MIL to 'give' the account to daughter as the account has always belonged to daughter. Daughter just needs to call the broker and have it retitled. There is nothing required from MIL and no involvement at all on her part.

My kids have UGMA accounts for which I am the custodian. They are 20 years old, and one of these days, we'll all get around to retitling things, but no one seems to be in much hurry to do that. At this point, they still like mom to do all their accounting, and as I like to do it, it works for us. I figure everything will get retitled when they graduate college and start to keep all their own books.
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