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Does your grandchild own the utma mutal fund that is in your name as cust for her?
Yes, the UGMA (Uniform Gifts to Minors Act) mutual fund account is held in your name as custodian for your grandchild, meaning that while the account is managed by you, the assets belong to your grandchild. Once your grandchild reaches the age of majority, they will gain full control and ownership of the account. Until that time, you are responsible for managing the funds in their best interest.
What else can I help you with?
What is the name of Sarah palin's grandchild?
Trip
What did john white name his grandchild?
Virginia
What is the name of the duggers first grandchild?
Mackenzie
Palin's grandchild a girl?
no, its is boy and his name is Tripp.
Who is Sacagawea in the liberty mutal commercial?
Same person as the " Western Sky Girl" Kylie Fairbanks is the name she is known as
What is the name of the second grandchild for the duggars?
michael james duggar
If a grandparent wants to purchase a car in the grandparents name for their grandchild and the grandchild will be driving and paying payments is this ok?
Sure. No different then doing it for your kids. But, be aware, YOU could be liable if the Grandchild gets sued in an accident as YOU are the legal owner.
What do you call an ex-wife's post-divorce grandchild?
Well that would depend on if you were the biological grandfather. If so then the grandchild is also your grandchild. If the child was born to a child of your ex-wife and not fathered by you then they are no relation to you and you would call them by their name.
What is the name of Mark Twain's only grandchild?
Nina Clemens Gabrilowitsch
What is the relationship name is your grandchild to your nephew?
Your child and your nephew are first cousins, so your grandchild and your nephew are first cousins once removed.
What is the name of papa elf's grandchild?
papa elfs child is buddy from elf
What is the name of relationship between you and your mother's mother?
Your mother's mother is your grandmother. You are her grandchild.
