The Uniform Transfers To Minors Act is a uniform act drafted and recommended by the National Conference of Commissioners on Uniform State Laws in 1986, and subsequently enacted by all U.S. States, which provides a mechanism under which gifts can be made to a minor without requiring the presence of an appointed guardian for the minor, and which satisfies the Internal Revenue Service requirements for qualifying a gift of up to $17,000 for exclusion from the gift tax. It is a more flexible extension of the Uniform Gifts to Minors Act , and allows the gifts to be real estate, inheritances, and other property.[citation needed]