Sentences with phrase «fund minor children»
This strategy can be expanded to help fund minor children's expenses, such as private school and extracurricular activities, by making a prescribed rate loan to a family trust.
http://business.financialpost.com/ Not exact matches
And Ms. Mark - Viverito also led the way on the creation of a new public - private partnership to fund lawyers for unaccompanied minor children facing deportation as part of the «surge docket» in federal court.
The Council has previously taken steps to help provide lawyers for unaccompanied minors appearing in immigration courts in New York, putting up funding to connect the children with legal services.
The Children's Internet Protection Act (CIPA) passed in 1999, requires schools qualifying for federal E-rate funding to use filtering technology to block access to materials that are «obscene, child pornography, or harmful to minors.»
In 1999, Congress passed the Children's Internet Protection Act (CIPA), requiring schools qualifying for federal E-rate funding to use filtering technology to block access to materials that are «obscene, child pornography, or harmful to minors.»
In a nutshell, CIPA requires that schools and libraries receiving E-Rate funding «block or filter Internet access to pictures that are: (a) obscene; (b) child pornography; or (c) harmful to minors (for computers that are accessed by minors).»
Of course, this migrant education program was minor compared to the amount of funds and the level of federal rules and restrictions associated with the federal government's massive No Child Left Behind and Race to the Top funding.
You can open a mutual fund account designated for your child's education either in your own name or in your child's name in a Uniform Gift to Minors account with you as the trustee.
Social Security payments that you can receive from this fund include not only your retirement benefits, but also disability benefits and benefits for surviving minor children.
The custodian may also use the account funds for the benefit of the minor child.
Since the minor child is the owner of custodial account funds, any income or gains generated in the account also belong to the child and were taxed at the child's marginal tax rate rather than the parent's (usually) higher rate.
Life insurance death benefits do not go through probate (unless you name your estate or a minor child as your beneficiary — don't do this) so your beneficiaries will receive the funds much quicker.
Since the funds in the account belong to a minor, the tax liability is shifted to the child and the government offers a small tax break on investment income called the «kiddie tax».
You have minor children and you expect to fund their post-secondary education, but haven't maxed out your Registered Education Savings Plan (RESP) contributions.
If your child is a minor (under age 18 in most states; under age 19 and 21 in others), many banks, brokers and mutual funds will let you set up a custodial or guardian IRA.
If any of the partners are spouses with another partner or dependent children, the Attribution Rules may require that income allocated to one spouse (or minor child) be reported by the person who supplied the funds.
They do allow assets to be set aside for the benefit of a child without the need to create a special trust fund, and assets can be taxed based on the minor's income tax bracket (subject to «Kiddie Tax» rules).
There are ways to transfer funds from child to parent, the same way that parents fund a Roth IRA for a minor with income, by using the child's funds to purchase items that will only benefit the child.
He can invest in other equity mutual funds (in the name of minor kid) instead of child oriented MFs.
So, it makes sense for somebody who has a minor child who's been diagnosed with a disability because it allows you to build up funds for the future.
If you have minor children, you will need to ensure there are trust provisions in place if they are going to receive funds in trust for their benefit.
A child / minor can not simply enter a settlement with ICBC regarding their injury claim and then thereafter expect a settlement funds to be forthcoming.
I understand how minor children can be impacted by this type of accident, and I can help your family recover the funds you need to assist your child in his or her long - term healing process if he or she suffers a brain injury or other catastrophic ailment.
A Miami probate judge was apparently concerned that the parents / guardians of a minor ward were using guardianship funds to pay for the child's private school tuition.
It's important to think back to when standardized child support guidelines became the law of the land and that largely became a consequence of federal funding for certain programs in the states that were for the benefit of minor children.
(C) A judge may, as a parent or guardian, assist minor children in their fund - raising activities if the procedures employed are not coercive and the sums solicited are minor.
Children are commonly named as contingent beneficiaries with a trustee should they be minors in the event of a payment» She further adds, «Naming the «estate» as a beneficiary or contingent beneficiary may also not be the best idea as this then renders the funds back into probate».
Life insurance death benefits do not go through probate (unless you name your estate or a minor child as your beneficiary — don't do this) so your beneficiaries will receive the funds much quicker.
First, if your child is still a minor at the time of a life insurance payout, a court might be asked to decide who should look after the funds until they reach 18.
Creating a trust or naming a guardian to receive funds dedicated to a minor beneficiary is necessary for an insurance company to release funds for the child's benefit.
If a policyholder designates a minor child as a beneficiary, a guardian must be assigned or a trust established to receive funds.
The funds can be used to help support minor children or aging parents.
If you only need coverage for your child for a particular period of time, such as while setting up an emergency fund large enough to cover their funeral, a child rider is the only way to get term life insurance for a minor.
This program will provide states and localities with funding to implement positive family engagement strategies and activities that address the needs of incarcerated parents with minor children.