Sentences with phrase «child named on the account»

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.

Not exact matches

Between the races, hijinks, and motherhood (she has two children), she's made a name for herself as the go - to academic on tax and accounting issues for multinational firms.

Planning Tip: There is nothing preventing a child from being named as the beneficiary on multiple accounts.

Guessing: A hacker attempts to log on to your account using likely words and phrases such as children's names or addresses.

As long as you (as the parent) are the account owner and your child is a dependent, the savings in a 529 will have a much lower impact on financial aid for higher education than a different type of account opened in your child's name.

To the folks who are vehemently denying this person was a Christian, I would urge you to consider this: If a person with a muslim name commits an act of terrorism, he is immediately labelled an «Islamic» terrorist, no questions asked, even though the Quran clearly states that a person who kills an innocent is like he / she has murdered then whole of humanity (the Quran mentions this in reference to murder of ANY innocent person, irrespective of the victims belief): To quote from the Quran: «On that account We ordained for the Children of Isra`il that if any one slew a person — unless it be for murder or for spreading mischief in the land — it would be as if he slew the whole humanity: and if any one saved a life, it would be as if he saved the whole humanity.

Based on prior years» tax returns and birth records, parents of a young child that qualifies for childcare subsidies, as described subsequently, would have deposited to the child's name and their control in a federal Childcare and Education Savings Account (CESA) the amount of subsidy to which they are entitled for a given year.

Using FreeTime means you're buying those books on your account and sharing them, rather than buying them through an Amazon account in your child's name.

Our financial advisor says that we do not need a trust because we have named both of our grown children as beneficiaries on all of our accounts and on the deed to our house.

However, if you deposited Canada Child Tax Benefit or Universal Child Care Benefit payments into a bank account or trust in your child's name, the interest earned on those payments is your child's income.&rChild Tax Benefit or Universal Child Care Benefit payments into a bank account or trust in your child's name, the interest earned on those payments is your child's income.&rChild Care Benefit payments into a bank account or trust in your child's name, the interest earned on those payments is your child's income.&rchild's name, the interest earned on those payments is your child's income.&rchild's income.»

CRA: «You have to report any interest on money you invested in your child's name unless you deposited Canada Child Tax Benefit payments into his or her bank account or tchild's name unless you deposited Canada Child Tax Benefit payments into his or her bank account or tChild Tax Benefit payments into his or her bank account or trust.

With proposals from 4 separate firms, we won the $ 4 million investment mandate from the family and named co-trustee on one of the children's accounts.

They're talking about having the account in the child's name, but including the income on your taxes.

Experian's spokeswoman said a consumer's credit report contains four types of data on the borrower: identifying information (including name, address, phone number, Social Security number, date of birth and spouse's name), account history (individual credit account information such as the date opened, credit limit or loan amount, balance, monthly payment, payment status and payment history), data from public records (such as federal bankruptcy records, tax liens, monetary judgments and overdue child support payments) and a record of inquiries into your credit history.

I, the parent or legal guardian of the youth named above, being of lawful age, knowingly and voluntarily state and agree as follows: In consideration of the opportunity for the youth named above's participation being accepted and intending to be legally bound, I do hereby for myself, on behalf of my children, and for my heirs, executors, administrators, successors and assigns, release, waive and forever discharge the Santa Barbara Sailing Center employees from any and all claims actions, damages, costs, judgments or liability whatsoever, which I or my children now have or which may hereafter accrue to me or my children on account of or in any way growing out of any and all known and unknown, foreseen and unforeseen, bodily and personal injuries, property damage and the consequences thereof resulting from or to result from participation in The Santa Barbara Sailing Center's Summer Kids Camp.

But did you know that your child could be missing out on valuable financial aid or even be subject to thousands in taxable income if the savings account is in their name?

That's considerably less than the 20 percent rate on funds held in checking and savings accounts that are held in a child's name.

Your child could be missing out on valuable financial aid and subject to thousands in taxable income if you place a savings account in their name.

Make sure you contact the provider of your child's accounts, for example the bank or building society, if you're the named contact on your child's account and are moving address.