Sentences with phrase «minors act accounts»

RBFCU also provides specialized savings options, including interest on lawyer trust accounts (IOLTAs), Texas Uniform Transfer to Minors Act accounts (TUTMAs) and trusts.

If they want to give investments directly to your child, you'll likely need to do it through a UGMA account, or Uniform Gift to Minors Act account.

Two ways you can make sure your death benefit goes to your kid: a trust or a Uniform Transfers to Minors Act account.

Not exact matches

The Uniform Transfers to Minors Act (UTMA) account allows you to give the gift of precious metals to your children, grandchildren, and other mMinors Act (UTMA) account allows you to give the gift of precious metals to your children, grandchildren, and other minorsminors.

A custodial account under the Uniform Transfers to Minor Act (UTMA) allows you to save for your child or grandchild's future higher education needs.

Maintenance call Maloney Act of 1938 Management fee Manipulation Margin Margin account Margin Agreement Margin call Markdown Market maker Market order Market price Marking to market Markup Matching orders Maturity class of option Maturity date MBIA Member order Merger MIG ratings Mil Minimum maintenance Minimum - maximum underwriting Minor Minor Rule Violation Plan Letter Money market account Money market fund Money purchase plan Money spread Money purchase plans Moral obligation bond Moral suasion Mortality risk Mortgage - backed security Mortgage bond MSRB Municipal Underwriting Munifacts Mutual fund

A parent or grandparent can use a Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) account (i.e., «custodial» account) to save for a child, but the child named on the account would gain control once he or she reaches a specified age.

People who have set up custodial accounts under the Uniform Transfers to Minors Act («UTMA») sometimes wonder whether it might make sense to move the money to a 529 college savings account.

Yes — you can set up a Uniform Transfers to Minors Act (UTMA) custodial account.

Custodial accounts are established under your state's Uniform Transfers to Minors Act, or UTMA, or Uniform Gifts to Minors Act, or UGMA.

UTMA Account: (Name of Custodian) as custodian for (Name of Minor) under the (Name of applicable state) Uniform Transfer to Minors Act

UGMA Account: (Name of Custodian) as custodian for (Name of Minor) under the (Name of applicable state) Uniform Gift to Minors Act

The two most common custodial accounts are Uniform Gifts to Minors Act (UGMA) accounts and Uniform Transfers to Minors Act (UTMA) accounts.

These accounts are governed by law — the Uniform Gift to Minors Act (UGMA) or the Uniform Transfers to Minors Act (UTMA).

This account allows the parent to act as custodian while protecting the assets for a minor until they reach the age of majority which is usually 21 in most states.

A custodial account under the Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) provides a way for you to invest on behalf of a child.

Roth IRA's for kids can be set up with financial institutions (Vanguard, Fidelity) and the parent acts as the custodian and controls the account on behalf of the minor.

UGMA / UTMA Prior to the inception of 529 Plans in 1996, a popular way to save for a kid's college education was via a custodial account or UGMA / UTMA (Uniformed Gift to Minor's Act / Uniform Transfer to Minor's Act).

One of the frequent questions on our message board is how to handle a capital loss in a custodial account under the Uniform Transfers to Minors Act (UTMA).

I really like 529 Plans to save for your kid's college, but you can also use Coverdell Education Savings accounts, or even basic UTMA (Uniform Transfers to Minors Act) accounts.

• Coverdell Education Savings Account (ESA) • Uniform Gifts to Minors Act (UGMA) Account & Uniform Transfers to Minors Act (UTMA) Account

Custodial accounts are opened under the Uniform Transfer to Minors Act (UTMA), making the minor the owner of the account assets.

Here are a few more ideas for how to handle regret over setting up a custodial account for a child under the Uniform Transfers to Minors Act.

The Uniform Gifts to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA) are sometimes called the «granddaddies» of college savings accounts.

The legal age in which a minor established on a Custodial Account opened under the Delaware Uniform Transfer to Minors Act becomes the sole owner of that aAccount opened under the Delaware Uniform Transfer to Minors Act becomes the sole owner of that accountaccount.

Note: We establish and maintain all custodial accounts under the Delaware Uniform Transfers to Minors Act.

Furthermore, as explained later, there is some question as to whether the rule even applies to custodial accounts under the Uniform Transfers to Minors Act.

With a Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) account, the minor owns the account but you control it until he or she reaches the age of majority (18 to 21, depending on your state).

Gifts made through a custodial account such as that under the Uniform Gifts to Minors Act (UGMA), the Revised Uniform Gifts to Minors Act, or the Uniform Transfers to Minors Act (UTMA)

Established under the Uniform Gift to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA), custodial accounts lack the immediate tax advantages of 529 and Coverdell Education Savings accounts.

You forgot about UGMA (Uniform Gift to Minors Act) accounts.

Use this form to designate a successor custodian (s) for a Putnam minor account registered under the Uniform Transfers to Minors Act or Uniform Gifts to Minors Act (UGMA / UTMA).

Many individuals also create Uniform Gift to Minors Act (UGMA) custodial accounts and provide funds directly -LSB-...]

Uniform Gifts / Transfers to Minors Act (UGMA / UTMA) accounts, which are administered by an adult on behalf of a minor until the child reaches the age of majority (typically 18 years old).

All CIT Bank products can be set up as custodial accounts under the Uniform Transfers to Minors Act

All CIT Bank accounts except High Yield Savings Accounts can be set up as custodial accounts under the Uniform Transfers to Minors Act.

Under the Uniform Gifts (or Transfers) to Minors Act (UGMA / UTMA), a minor owns the funds in the account, but the custodian is responsible for monitoring and distributing the funds to the minor.

Unlike term life insurance, whole life insurance never expires, your rates won't ever rise, and whole life has the added benefit of acting as a minor investment account for the policy holder.

• Acted as a team lead for several minor accounting projects and brought accurate results strictly adhering to the deadlines for which I was always praised.