Exact(11)
Ms. Bart's client was suffering from what lawyers call "U.T.M.A. regret," referring to the Uniform Transfers to Minors Act, the law that most states have adopted to regulate custodial accounts.
Why? Tara claims her mom took $20,000 from a "Uniform Transfers to Minors Act" account in Tara's name.
–You can name your children as your life insurance policy beneficiaries and also name an adult custodian under your state's Uniform Transfers to Minors Act.
Custodianships are authorized under the Uniform Transfers to Minors Act or the Uniform Gifts to Minors Act, one of which has been adopted by every state.
The simplest way to do this is by setting up a Uniform Transfers to Minors Act account at a brokerage, mutual fund company or bank.
People who have put college savings in a Uniform Transfers to Minors Act (UTMA) account for a child may want to convert it to a 529 for the extra income tax savings, Bart says.
Similar(49)
To avoid a high pressure drop in the heat exchanger, a uniform transfer of heat energy through the heat exchanger is required.
The results show that the microchannel architecture enables fast and uniform transfer of the sensible heat of the feed stream to the catalyst layer.
SEM and EDS analyses indicated that the continuous and uniform transfer film generated on counterfaces acted as a solid lubricant, which was important to improve the self-lubricating property of PTFE/serpentine nanocomposite.
Using the observed pattern of static and dynamic benefit incidence to compare the two programs and a uniform transfer, we show that if the middle-income households are sufficiently risk averse the additional insurance value of programs with superior dynamic benefit incidence can alter the median voter outcome in favor of more targeted programs.
In fact, a Roth IRA may be a better college savings plan than more traditional investments like Uniform Transfer to Minors Accounts (UTMA), Coverdell Education IRAs or even 529 College Saving Plans.
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