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Can my creditors take money from my son savings accounts where I a a custodian?
Yes, creditors can potentially access funds in a custodial account if you are the custodian and the account is under your name. Since you control the account until your son reaches the age of majority, creditors may argue that the funds are available to satisfy your debts. However, laws vary by state, and some protections may apply, so it's advisable to consult with a legal expert for specific guidance.
How do you go about finding a custodian for a 401k from a previous employer after termination?
To find a custodian for your 401(k) from a previous employer after termination, start by contacting your former employer's HR or benefits department to obtain information about your plan and its custodian. You can then research potential custodians that offer rollover services, ensuring they are reputable and provide the investment options you desire. Finally, complete any necessary paperwork to initiate the transfer of your funds to the new custodian.
Can you use funds in a self directed IRA or 401K to invest in real estate?
You need to discuss that with your custodian. You may need to transfer your account to an different firm.
Who appropriates state funds?
the legislature does:)
Into what categories are mutual funds known as bond funds divided?
Main categories in taxable bond funds are corporate bond funds, high-yield funds, world bond funds, government bond funds, and strategic income funds. The main tax-free bond fund categories are state municipal bond funds
What Indiana official is the official receiver and custodian of all state revenue?
The Indiana official who is the receiver and custodian of all state revenue is the state treasurer. He is also responsible for disbursing funds.
What is the difference between and IRA trustee and an IRA Custodian?
Custodian has passive control vs. a trustee who can invest, funds etc.
When can a minor claim a custodial account in Michigan?
18 is the age of majority in the state of Michigan for Custodial accounts. In order to receive the funds the minor & the custodian must submit a form to the company where the funds are held.
What is a 9 letter word that means to receive a act as custodian of chapter funds?
The treasurer is responsible for the chapter's funds.
Who is the custodian of state record and documents?
From SFCC Secretary of State you magnet
Who has access to use money in a custodial account?
In a custodial account, the custodian—typically a parent or guardian—manages the funds on behalf of a minor beneficiary. The custodian has the authority to make withdrawals and manage investments until the minor reaches the age of majority, at which point the minor gains full access to the account. The funds in a custodial account are intended for the benefit of the minor, and the custodian must act in their best interest.
Who is described as the custodian of state legislative assembly?
SPEAKER
Can my creditors take money from my son savings accounts where I a a custodian?
Yes, creditors can potentially access funds in a custodial account if you are the custodian and the account is under your name. Since you control the account until your son reaches the age of majority, creditors may argue that the funds are available to satisfy your debts. However, laws vary by state, and some protections may apply, so it's advisable to consult with a legal expert for specific guidance.
Can the custodian of a UTMA ever take the money way from the minor?
Under the Uniform Transfers to Minors Act (UTMA), the custodian manages the account until the minor reaches the age of majority, at which point the assets are transferred to the minor. The custodian cannot take the money away from the minor for personal use; their role is to manage the funds in the best interest of the minor. However, the custodian can make withdrawals for the minor's benefit, such as for education or other necessary expenses. Once the minor reaches the designated age, they gain full control over the funds.
What are the responsibilities of the custodian of a trust account?
The trust will state the responsibilities.
Who is in charge of the public records of the state?
Who Keeps the offical State records?Which of the following keeps state records?attorney generaltreasurerauditorsecretary of statelieutenant governorsuperintendent of public instruction
Who is the custodian of Missouri state records?
I think its Lieutenant Keverne McCollum
