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In Georgia the age of majority is 18, however the age of termination of a UGMA or UTMA is 21.
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.
Is there a penalty for not transferring a UGMA UTMA account to the child when heshe reaches the age of majority?
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The Uniform Transfers to Minors Act (UTMA) does not specify a specific age for vesting. It allows assets to be held in a custodial account for the minor until they reach the age of majority, typically 18 or 21, depending on the state. At that point, the assets are transferred to the minor's control.
You can transfer a Tennessee cna license to a Georgia cna license by applying for reciprocity in the state of Georgia
Can probation be transfered from Alabama to georgia
yes Georgia does smell
Yes I can.
What is a UJMA account?