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Is there a penalty for not transferring a UGMA UTMA account to the child when heshe reaches the age of majority?
Is there a penalty for not transferring a UGMA UTMA account to the child when heshe reaches the age of majority?
What is the age of majority in New Jersey in regard to a UTMA account?
21
Georgia legal age to take control of ugma?
In Georgia the age of majority is 18, however the age of termination of a UGMA or UTMA is 21.
What is the age for utma transfer in NJ?
18
What is the UTMA age of termination in Georgia?
21
How old do you have to be to get married in Oregon without parental permission?
The person must be of the legal age of majority, in Oregon that age is 18.
What is Oregon's legal age of majority?
The age of majority in Oregon, like most states, is 18. Until that point they are considered a minor for most situations under the law. The parents remain responsible for them until that age.
How old does a 17 teenage age boy have to be to move of his parents house and into his girlfriends parents house in the state of Oregon that is a teenparent to be?
He has to be the age of majority. In Oregon that is the age of 18.
What age do you have to be to draw money from your savings account?
18 Depending on your state, if the account is a UTMA/UGMA (Uniform Transfers to Minor/Uniform Gifts to Minor), the minor may not be able to withdraw money until s/he reaches 21.
What is the age for UTMA transfer in Texas?
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.
What is the minimum age for online investing in Oklahoma?
The minimum age to have your own account is 18. However, if you are under 18, a parent or legal guardian can open an account for your benefit under what is called the "Uniform Transfers to Minors Act" (UTMA). The parents/guardians legally controls the account, but they are legally required to use the money for the benefit of the minor. Once you reach 18, the account becomes yours alone.
Can 17 year old live on own in Oregon?
No. The age of majority is 18, and you are unlikely to find a job or home without your parents being involved.
