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Q: What happens to UGMA if minor dies?
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When does a New York State UGMA account belong to the minor?

18th birthday.


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 a minor own stock and receive dividends on the stock?

Yes. Under uniform gifts to minors act (UGMA) an adult custodian opens account for minor and all gains are taxed under minor's rate. Minor owns account at age of majority for his state or when specified by custodian depending on rules established at time of gift.


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.


Is there a penalty to close ugma account?

Generally, no there is no penalty to close a UGMA account. However, there may be a surrender fee or an exit fee if removed in a certain time frame.


What happens in Intensely Alice who dies?

Mark dies


What happens to Voldemort when he dies?

He dies, he stops living.


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 the Tagalog of suited?

Tagalog translation of SUITED: ugma; hiyang


What happens to Konohamaru after Asuma dies?

nothing happens


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He dies.


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after pain dies naruto shiupdden was over .