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What is the NJ statute for UTMA bank Accounts?
What is a UJMA account?
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 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 UTMA age of termination in Georgia?
21
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
UTMA Vesting Age?
The Uniform Transfers to Minors Act (UTMA) does not specify a specific age for vesting. It allows assets to be held in a custodial account for the minor until they reach the age of majority, typically 18 or 21, depending on the state. At that point, the assets are transferred to the minor's control.
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.
Can a child under 18 who inherited interest in real estate from a grandparent in NJ sign the deed to transfer?
No, they are not of legal age. Their guardian must do it.
Do tickets transfer from NJ to pa?
yes
What age can a child baby sit legally in NJ?
well it says that there is not an age that a child can start to babysit in NJ. that means that there is not an age present
What is the drinking age in NJ?
21
