0
In New Jersey, a Uniform Transfers to Minors Act (UTMA) account can have only one custodian at a time, who manages the assets until the child reaches the age of majority. However, a custodian can designate a successor custodian in case they are unable to continue managing the account. There are no limits on the number of successors, but only one custodian may manage the account at any given time.
What else can I help you with?
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.
What is the age for utma transfer in NJ?
18
What are state law's on minors?
opening a checking account in nj
How many countries are there in NJ?
how many counties are in NJ
Can a joint bank account held as tenancy by the entirety be levied in NJ?
Can a brokerage account that holds assets be registered Tenants in Entirety.
Can a levy be placed on someone's bank account for Child Support in NJ?
There are many administrative processes that can be done for arrears of back child support. In NJ as well as the rest of the United States, a levy can be placed on bank accounts and assets of the person who is in arrears.
How many hours from Newark NJ to wildwood NJ?
About 2hrs
How many miles is it from Newark NJ to Union NJ?
about an hour
How many Colonies in NJ in 1602?
their are over10 colonies in NJ
How many miles from alpine NJ to Newark NJ?
26 miles.
How many miles from paramus NJ to Garfield NJ?
7 miles
