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What is the age of majority in New Jersey in regard to a UTMA account?
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∙ 14y ago
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∙ 14y ago
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What is the NJ statute for UTMA bank Accounts?
What is a UJMA account?
What age do you have to be to draw money from your savings account?
18 Depending on your state, if the account is a UTMA/UGMA (Uniform Transfers to Minor/Uniform Gifts to Minor), the minor may not be able to withdraw money until s/he reaches 21.
Is there a penalty for not transferring a UGMA UTMA account to the child when heshe reaches the age of majority?
Is there a penalty for not transferring a UGMA UTMA account to the child when heshe reaches the age of majority?
What is the NJ statute for UTMA bank Accounts?
What is a UJMA account?
What taxes are paid for a withdrawal on an UTMA account in NJ?
The taxable amount of the distribution will be subject to the marginal tax rate of the owner of the UTMA account in NJ when the 1040 federal income tax return is completed correctly.
How many custodians can you have on a UTMA account in Texas?
654, ecxept in Montana its 765
Georgia legal age to take control of ugma?
In Georgia the age of majority is 18, however the age of termination of a UGMA or UTMA is 21.
What is the age for utma transfer in NJ?
18
What is the UTMA age of termination in Georgia?
21
What age do you have to be to draw money from your savings account?
18 Depending on your state, if the account is a UTMA/UGMA (Uniform Transfers to Minor/Uniform Gifts to Minor), the minor may not be able to withdraw money until s/he reaches 21.
Can you switch your granddaughers UTMA AL to a Texas 529?
Yes I can.
What is the minimum age for online investing in Oklahoma?
The minimum age to have your own account is 18. However, if you are under 18, a parent or legal guardian can open an account for your benefit under what is called the "Uniform Transfers to Minors Act" (UTMA). The parents/guardians legally controls the account, but they are legally required to use the money for the benefit of the minor. Once you reach 18, the account becomes yours alone.
What is a qualified expense for an utma distribution?
books, summer camp, high school tuitioj
What is the age for UTMA transfer in Texas?
If the account was created before September 1, 1995 the age is 18 under grandfathered UGMA law. If the account was created AFTER September 1, 1995, the age of termination is 21. http:/www.finaid.org/savings/ageofmajority.phtml http:/www.fairmark.com/custacct/index.htm See above links for further info.
