Sentences with phrase «in a custodial account for»

Under current law, assets owned by the child (including any assets in a custodial account for the benefit of that child) count much more heavily than parental assets in determining financial aid awards.

Any money in custodial accounts for which you are the custodian will be counted as part of your taxable estate if you are the legal guardian of the child and the child has not yet reached the age of trust termination.

Not exact matches

While the age increase was implemented to curb asset shifting by the wealthy, it has the unintended consequence of penalizing teenagers who work and save their money and parents who save for college using custodial accounts in their children's names.

These types of accounts, where financial gifts to a minor are held in a custodial account until the child reaches adulthood, offer another option for saving for your child's education.

Today, through our many subsidiaries, we offer investing and trading services for more than eleven million funded client accounts that total more than $ 1 trillion in assets, investor education services boasting hundreds of thousands of graduates, and custodial services for more than 6,000 independent registered investment advisors (RIAs).

All client deposits and assets, including both bitcoin and fiat currency, are held for customers in secure custodial accounts in order to ensure the safe return of customer balances.

The Trustee's custodial operations may refuse to accept instructions to transfer Bitcoins to or from the Trust Custody Account if, in the opinion of the Trustee's custodial operations they are or may be contrary to the standards set forth in the Trust Agreement which establish the minimum requirements acceptable for Bitcoins to be deposited into the Trust Custody Account («Good Delivery Standards»), as applicable, contrary to any applicable law, or a threat to the security of the Trust's assets or the Security System storing such Bitcoins on the Trustee's premises.

A child - owned 529 account (in a custodial account) is also treated as an asset of the parent for Free Application for Federal Student Aid (FAFSA) purposes.

If you're opening a custodial account, you need to make sure you have identifying information for the minor in question.

In general, you can use a custodial account to pay for any expenses that benefit the child, as long as they are not considered the basic essentials of living.

At his insistence, we just opened a custodial account for our son so that he could invest half of his bank account savings in a low - cost passive index fund (Total Stock Market).

Although custodial accounts do have their advantages and may be ideal in certain circumstances, more often than not, I see people opt for an alternative to a custodial account.

Custodial account Money in a custodial account can be invested in many different securities, including CDs, stocks, bonds, and mutual funds, and the assets don't have to be used exclusively forCustodial account Money in a custodial account can be invested in many different securities, including CDs, stocks, bonds, and mutual funds, and the assets don't have to be used exclusively forcustodial account can be invested in many different securities, including CDs, stocks, bonds, and mutual funds, and the assets don't have to be used exclusively for college.

Keep in mind that the «exchange from» (the sell) is a taxable event for non-retirement accounts (Individual, Joint, and Custodial) and gets reported on your 1099 tax form.

In the case of a custodial account, the custodian manages the property for the benefit 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).

Some people think of a custodial account as a good way to save for college, and learn only later that the account causes a reduction in financial aid.

This designation did not change any of the other terms or conditions specified in the Custodial Account Agreement for your IRA.

For children who are college - bound, the availability of financial aid is a relevant concern in setting up a custodial account.

Custodial Account Used for Support Yes, you are allowed to use UTMA accounts for items included in a support obligation, regardless of what you read elsewhere.

In more technical terms, an HSA is an interest - bearing custodial account that can be used for health - related expenses with contributions limits set annually by the IRS.

Use a variety of CIT Bank products to set up a Custodial Account (UTMA) for a child in your life and give them a head start on their dreams.

You can use Express Funding for buy orders in individual, joint and custodial accounts.

$ 0 trades are available for online stock and ETF trades conducted via self - directed individual, joint, custodial or trust Merrill Edge online brokerage accounts, IRAs or Sole Proprietor SEP IRAs when you enroll in the Bank of America Preferred Rewards program.Footnote 2 Other fees may apply.Footnote asterisk * Learn how to qualify for $ 0 trades with Preferred Rewards.

We think she will be thanking you profusely for having had the foresight to open a custodial account and invest in her future!

Parents who want to transfer assets to or deposit money for their child must do so in the form of a custodial account.

footnote ** Tax forms for some accounts — including annuities, custodial accounts, and 529 accounts registered in the minor's name — can only be sent by mail.

The most popular savings vehicles were: savings account in adult's name earmarked for college (51.2 %), other means such as a Roth IRA (39.0 %), savings bonds (29.3 %), UTMA / UGMA custodial account (26.1 %), Coverdell Education Savings Account (21.8 %), home state's 529 college savings plan (11.1 %), and out - of - state 529 college savings plan (account in adult's name earmarked for college (51.2 %), other means such as a Roth IRA (39.0 %), savings bonds (29.3 %), UTMA / UGMA custodial account (26.1 %), Coverdell Education Savings Account (21.8 %), home state's 529 college savings plan (11.1 %), and out - of - state 529 college savings plan (account (26.1 %), Coverdell Education Savings Account (21.8 %), home state's 529 college savings plan (11.1 %), and out - of - state 529 college savings plan (Account (21.8 %), home state's 529 college savings plan (11.1 %), and out - of - state 529 college savings plan (4.9 %).

Today, TD Ameritrade provides investing and trading services for 11 million client accounts that total more than $ 1 trillion in assets, and custodial services for more than 6,000 independent registered investment advisors.The merger between Ameritrade and TD Waterhouse helped the company expand its product offering, with a more concentrated focus on long - term investing, guidance and asset gathering.

For example, if you have a Traditional IRA and a Roth IRA, you would pay $ 30 in annual custodial account fees, regardless of the number of funds you own in each account.

(2) If a relocation of the parent is in good faith for legitimate purpose and to a location that is reasonable in light of the purpose and if neither has been exercising a significant majority of custodial responsibility for the child, the court shall reallocate custodial responsibility based on the best interest of the child, taking into account all relevant factors including the effects of the relocation on the child.

The court didn't change her sentence, but issued groundbreaking orders to judges in Canada that they had to take an Aboriginal offender's past into account not only for sentencing, but to also look for alternatives to custodial sentences to address the critical over-representation of Aboriginal people in custody.

«[Ameritrade] provides investing and trading services for seven million client accounts that total more than $ 750 billion in assets, and custodial services for more than 5,700 independent registered investment advisors.»

• Assisted in determining rental rates by performing detailed research and compiling findings • Collected rent within the set time frame decided for each month and follow - up on delinquent accounts • Provided support in inspecting premises and surroundings to ensure that no nefarious activities were taking place • Handled inventory management activities by ensuring that all supplies and equipment needed for operational smoothness is available • Coordinated the efforts of maintenance, repair and custodial staff to make sure that all repair and maintenance needs of the building are met

Child support guidelines take the income of each of the marital partners in a divorce into account, The child support owed by either party to the children of previous marriages, the number of children, educational cost, medical expenses, day care expenses for the custodial parent and other expenses all contribute to the final amount owed by both the custodial parent and the non-custodial parent.

The other parent, typically referred to as the non-custodial parent, is then generally ordered to pay the custodial parent to account for the difference in parenting time.