Is there a penalty for not transferring a UGMA UTMA account to the child when heshe reaches the age of majority?
Contempt of Court, which is consider a Change of Circumstances as regards a custody change. see link below
First, there is likely a criminal penalty and the minor can sue them for conversion of funds.
Contempt of court as regards custody is considered a change of circumstance resulting in a change of custody.
The penalty area is 18 yards deep and 44 yards wide.
I don't think there is a penalty
Is there a penalty for not transferring a UGMA UTMA account to the child when heshe reaches the age of majority?
Kleptomania is a possible diagnosis for someone who shoplifts without needing to. This is a mental health disorder characterized by an impulse control issue leading to recurrent stealing of items that are not needed for personal use.
-Being a stubborn child...
if you claim somebadys child with your tax .
It mainly concerns physical or physcological evidence.
FELONY offense.
The penalty for not paying child support is very great. It ranges from driver's license suspension, to passport denial. Other penalties are income execution and lottery winnings interception.
Yes, you would face the penalty assuming that the child is declared as your tax dependent. If the child is an adult (age 18 or older), then he or she could file his own taxes and pay his own penalty. Chances are a young adult could qualify for one of the exemptions and not face the penalty. For example, if the young person has no income (such as he is in college) or earns less than the tax filing minimum (around $10,000), he would be exempt.
Actually the penalty depends mainly on the number of previous offences and what exactly happened. For example the penalty of a first time offender is much less than the penalty of a third time offender. Additionally things like "child endangerment" have to be considered and may dramatically increase the penalty.
Are you planning to run away? 0_0
There are no words in English containing all of these letters. The longest possible words are fishponds, pilotfish, pisoliths and shoplifts.