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UGMA and UTMA Custodial Accounts - Investment Options and Tax ...
Investment Options and Tax Benefits for Custodial Accounts . Accounts 5 · Withdrawal Rules and Treatment of Unused Funds for Custodial Accounts 6 · Next .
http://collegesavings.about.com/od/ugmautmacustodialaccts/ss/custodialacct_3.htm
Custodial Accounts
Changes in the 2006 Tax Law made Custodial Accounts less attractive by raising . companies have low minimum purchase requirements for UGMA accounts.
http://www.collegeboard.com/prod_downloads/highered/res/cc_tips/Custodial05.pdf
Custodial Account
Custodial accounts are established as either a Uniform Gift to Minors Act (UGMA) . a minor in a way that may avoid a gift tax and doesn't require establishing a trust? . Custodial accounts are not tax-deferred, and taxation of earnings from the .
https://ww3.janus.com/Janus/Retail/StaticPage?jsp=jsp/Account/TypesOfAccounts/CustodialAccountType.jsp
Custodial Accounts for Children
The concept of custodial accounts was originally established under the . There are special tax rules that apply to children under the age of 18, 18 year olds with .
http://www.financialwisdom.com/ResourceLibrary/FF/Parents/CustodialAccounts.shtml
FinAid | Saving for College | UGMA & UTMA Custodial Accounts
The income from a custodial account must be reported on the child's tax return and is taxed at the child's rate, subject to the Kiddie Tax rules. The parent is .
http://www.finaid.org/savings/ugma.phtml
UGMA Custodial Account Tax
yearly tax return required is a regular income tax return so tax filing can be quite simple . In effect, the Kiddie tax law makes some custodial accounts much less .
http://www.rmsaccounting.com/PDFs/UGMA-Custodial-Account.pdf
IRS Gift Tax Rules and Limits - Gifts to Children
For certain instances, a trust may be more appropriate than a custodial account. Please consult with a tax advisor regarding your particular situation.
http://www.axa-equitable.com/plan/estate/gift-tax.html
What parents (and grandparents) need to know about custodial ...
Jan 17, 2012 . Grandma gave $10,000 to Jennifer: set up a custodial account. . The child will probably owe some tax, and the Kiddie Tax rules may make it .
http://www.gma-cpa.com/resources/articles-and-helpful-resources/what-parents-and-grandparents-need-to-know-about-custodial-accounts
Weighing a Custodial Account for Your Kid - SmartMoney.com
Dec 1, 2010 . Parents set up custodial accounts for their children for various . The child will probably owe some tax, and the kiddie tax rules may make it .
http://www.smartmoney.com/taxes/income/custodial-accounts-for-your-kids-what-to-know/
UGMA/UTMA Accounts
UGMA/UTMA accounts are generally set up at a bank or brokerage firm. . Federal and state tax laws and regulations are subject to change and may adversely .
https://www.oppenheimerfunds.com/articles/article_09-23-10-122137.jsp
UGMA/UTMA Accounts Overview - Franklin Templeton
UGMA and UTMA accounts allow your clients to invest for a child's education while taking advantage of the child's potentially lower tax rate.
https://www.franklintempleton.com/retail/pages/generic_content/prog_serv/ugma_utma/ugma_utma_pub.jsf
Kiddie Tax Changes College Savings - Forbes.com
Mar 10, 2009 . Back then, custodial accounts produced substantial tax savings for many families. So substantial, in fact, that Congress took notice and decided .
http://www.forbes.com/2009/03/10/college-kiddie-tax-ugma-personal-finance-retirement-utma.html
Wells Fargo - About Custodial Accounts
Wells Fargo Investments offers a variety of custodial account options — a . Contribution age limits, Generally up to age of majority (18 – 21) for your state . per student, No limit, up to $13,000 can be treated as a gift for gift-tax purposes.
https://www.wellsfargo.com/investing/education/custodial
Custodial Accounts - Smith Barney
Tax advantages if a custodial account is set up in the child's name. Parents lose . There are a few rules when opening an UGMA/UTMA account: The transfer of .
http://www.smithbarney.com/products_services/planning_services/education_planning/custodial_accounts.html
What you will need:
Advantages of Custodial Accounts - Tax Guide for Investors
A discussion of the advantages of using UTMA or UGMA accounts. . Your Tax Bracket · Tax Rules for Gifts · Alternative Minimum Tax (AMT) · Estimated Tax .
http://fairmark.com/custacct/advant.htm
Custodial College Savings Accounts - Wells Fargo Advisors
Since a custodial college savings account is considered your child's asset, all income generated will be subject to the "kiddie tax." The "kiddie tax" rules apply to .
https://www.wellsfargoadvisors.com/financial-services/education-funding/custodial-savings-account.htm
Health Savings Account
The following information is the disclosure statement required by federal tax regulations. You should read this Disclosure Statement, the Custodial Account .
https://www.smart-hsa.com/pdf/getpdf.asp?id=PNC_CustodyDisclosureDoc
Custodial Accounts, Taxes and Withdrawls - AllExperts
Mar 5, 2007 . General Stock Investment Strategies/Custodial Accounts, Taxes and . property incurs taxes, the child owes taxes -- and the money needs to .
http://en.allexperts.com/q/General-Stock-Investment-1068/Custodial-Accounts-Taxes-Withdrawls.htm
Creating your application content:
Custodial Accounts - FINRA
Custodial accounts—Uniform Gift to Minors Act (UGMA) accounts or Uniform Transfer to . To learn more about the tax rules for children, you should read IRS .
http://www.finra.org/Investors/SmartInvesting/SmartSavingforCollege/P123944
Custodial Savings Account: Schwab Brokerage: Custodial Account
The Schwab One® Custodial Account is a brokerage account that allows you . Schwab One brokerage account; No contribution limits; No gift tax for 2011 . A minimum deposit of $1,000 is required to open most Schwab brokerage accounts .
http://www.schwab.com/public/schwab/investing/accounts_products/accounts/college_savings/custodial_account
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UGMA & UTMA Custodial Accounts for Minors - Tax Guide for ...
Free online guide to custodial accounts under the uniform transfers to minors or gifts . Tax rules and strategies for people who buy, own and sell stocks, mutual .
http://www.fairmark.com/custacct/
Creating the application XML:
Montana Uniform Transfers to Minors Act (UTMA):
A custodial account (UTMA ) is one alternative for a . irrevocably gifted to a custodial account for the benefit of a . These rules are for the 2012 tax year.
http://msuextension.org/publications/FamilyFinancialManagement/MT199910HR.pdf
Taxbrain® | Tip Center: Tax Strategies for Young People
Rules governing custodial accounts vary according to . do not affect federal tax consequences in general.
http://www.taxbrain.com/taxcenter/tipcenterCat.asp?CategoryID=176&CategoryName=tax-strategies-for-young-people
Custodial Accounts - Edward Jones: Making Sense of Investing
Custodial accounts are governed by laws adopted by each state. . However, there's an annual federal gift tax exclusion amount of $13,000 per contributor per .
http://www.edwardjones.com/en_US/products/education_saving/custodial/index.html
Advantages and Disadvantages of Custodial Accounts
People of all income levels are eligible to open an UGMA/UTMA account; You can . earnings are taxed at your income tax rate, pursuant to the kiddie tax rules .
http://www.smarterdollars.com/college/proconcustodial.html
Saving for college: Custodial accounts | BabyCenter
Sep 10, 2001 . You can deposit cash, savings bonds, and other securities in a custodial account. The first $850 of earnings each year is tax free, and the next .
http://www.babycenter.com/0_saving-for-college-custodial-accounts_1278801.bc
applicationCustodial Account Tax Rates
Tax Year 2011 and 2012 Custodial Account Tax Rates. Yearly Income (earned and unearned)*. Child's Age. Amount of Income. Applicable Federal Tax Rate .
https://ww3.janus.com/html/Retail/popUps/custodial_account_tax_rates_year.html
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Schwab MoneyWise: Money Basics: Custodial Accounts
A custodial account can be an excellent way to make a financial gift to a child . Custodial accounts are simpler to establish than trusts, which generally require more . per couple splitting gifts) to each recipient without incurring federal gift tax .
http://www.schwabmoneywise.com/public/moneywise/money_basics/account_types/custodial_accounts
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Custodial (UGMA & UTMA) Savings Accounts from Merrill Edge
Custodial accounts, also known as UGMA/UTMA, are taxable accounts invested . Tax Advantages - In 2011, the first $950 of a child's income generally is . and there is no requirement to close the account once the beneficiary turns age 30.
http://www.merrilledge.com/m/pages/college-savings/custodial.aspx
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Tax-Sheltered Custodial Account Agreement
Account means a tax-sheltered custodial account established on behalf of the . Custodian will advise the Employee of the required form and manner of .
http://www.ameriprise.com/global/docs/3110.pdf
applicationTraditional IRA Custodial Account Agreement and Disclosure ...
Section 1.408-2(e) of the Income Tax Regulations. 11.4 After the Custodian has transferred the Custodial Account assets (including any reserve balance as .
http://www.statefarm.com/_pdf/TradCustAgree.pdf
Custodial Services - Sterling Trust Company
Sterling Trust offers Custodial Accounts which allow individuals, trusts, businesses and others . Restrictions may apply based on the tax reporting requirements.
http://www.sterling-trust.com/plans-and-services/custodial-services/
UGMA and UTMA Custodial Accounts - Withdrawal Rules and ...
Overview of the withdrawal rules for a UGMA or UTMA custodial account, as well . Penalty for Early Withdrawal from Tax-Deferred Accounts - Wills and Estate .
http://collegesavings.about.com/od/ugmautmacustodialaccts/ss/custodialacct_6.htm
Series 7 Study Guide - Retirement Accounts - Custodial Accounts ...
There is no special tax treatment for UGMA or UTMA accounts. Children aged . There are no age restrictions as to contributions and withdrawals. Nor are there .
http://www.investopedia.com/exam-guide/series-7/retirement/custodial-accounts.asp
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Custodial Accounts (UGMA - UTMA)
A custodial account under the Uniform Gifts to Minor Act (UGMA) and Uniform . Act (UTMA) is one way to save for your child's future higher education needs. . and withdrawals may be subject to your child's tax rate - custodial accounts allow .
http://www.pnc.com/webapp/unsec/Solutions.do?siteArea=/PNC/Home/Personal/Investments+and+Wealth+Management/Investments/College+Planning/Custodial+Accounts+(UGMA+-+UTMA)/Custodial+Accounts+(UGMA+-+UTMA)
Tax Topics - Topic 310 Coverdell Education Savings Accounts
Aug 11, 2012 . A Coverdell ESA is a trust or custodial account set up in the United States solely . There are certain requirements to set up a Coverdell ESA: .
http://www.irs.gov/taxtopics/tc310.html
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Uniform Transfer to Minors Act (UTMA) - MEA Financial Services
For tax and other reasons, parents, grandparents and others sometimes want to . Eligibility: Any adult can set up a custodial account for any child under age 18. . Potential Advantages: Aside from the requirement to hand over “control” of any .
http://www.meafs.com/Investments/UTMA_Michigan.cfm
Custodial Account - E*Trade
A custodial account is an account for the benefit of a minor child and . reaches the age of termination (See Eligibility Requirements), they take control of the account. . penalty; Account qualifies for the annual $13,000 federal gift tax exclusion .
https://us.etrade.com/e/t/home/educationcustac
Frequently Asked Questions : ScholarShare College Savings Plan
Do I have to use my account at a California college or university? . plan requirements, contributions and withdrawals, investment portfolios, tax considerations, .
http://www.scholarshare.com/faq/index.shtml
Roth IRA Custodial Account Agreement and Disclosure Statement
Section 1.408-2(e) of the Income Tax Regulations. 11.4 After the Custodian has transferred the Custodial Account assets (including any reserve balance as .
http://www.statefarm.com/_pdf/RothCustAgree.pdf
Running your application:
Coverdell, Custodial, or 529? - TD Ameritrade
UGMA/UTMA accounts also offer favorable tax treatment of investment earnings. For example, the .
http://planning.tdameritrade.com/sites/client/tda/tdap/article.vm?siteContent=5232&topic=5030
Financial Education Center - Account Types | Online Trading Academy
For tax purposes, income in community property states is considered to belong half to the . The requirements and characteristics of a Custodial Account are: .
http://www.tradingacademy.com/resources/financial-education-center/Account-Types.aspx
Tax-Sheltered 403(b) Annuity and Custodial Account
2.55.08, Tax-Sheltered 403(b) Annuity and Custodial Account Retirement Program. 2.55.08.180. (f) The employee is not classified by the University as a .
http://bog.wayne.edu/code/2_55_08.php
Series 6 Study Guide - Customer Accounts - A Closer Look at ...
This section, Custodial Accounts, constitues accounts for minors, power of Attorney and discretionary . As such, the minor is responsible for income taxes generated from the account. . Discretionary accounts are regulated by specific rules: .
http://www.investopedia.com/exam-guide/finra-series-6/customer-accounts/custodial-accounts.asp
Custodial Account (UTMA/UGMA)
Transfers to an UTMA account qualify for the $13,000 annual gift tax . No special legal forms or trust documents are required to establish an UTMA account.
http://www.azzad.net/pages/CustodialAccount.aspx
Custodial Accounts - E*Trade
Custodial Accounts. Custodial accounts (UGMA/UTMA) allow an adult to open an account for the benefit of a minor. They feature income and gift tax benefits, .
https://us.etrade.com/e/t/plan/educationsavings/custodial
Foreign Deposit and Custodial Accounts - LEHMAN TAX LAW
Jun 19, 2012 . A custodial account is defined to include an account that holds any . I.R.S. requirements on these U.S. accounts and (iii) withhold taxes on .
http://www.lehmantaxlaw.com/tag/foreign-deposit-and-custodial-accounts/
ShareBuilder Account Types - ShareBuilder from ING DIRECT
What is a custodial account? . For more information on the tax implications of this type of account, please consult a financial advisor. . To open and contribute to a Roth IRA, customers must meet certain eligibility requirements set by the IRS, .
http://www.sharebuilder.com/sharebuilder/help/topic.aspx?CategoryCode=CACSET001
Packaging your application
Custodial Accounts for Kids Under Age 18
A custodial account is one alternative for a parent or . sible for filing tax returns for their children, a custodian . required to identify and keep custodial property .
http://pubstorage.sdstate.edu/AgBio_Publications/articles/FS928e-11.pdf
cd Custodial-Minors
Custodial Accounts for Minors provide an easy way to set money aside for a child , with . Under UTMA rules, transfers to a child are placed in an account in the name of an . Tax Advantages: Donors may be able to lower their income taxes by .
http://www.alaskausatrust.com/Investment/investment/custodial-minors.asp
UTMA Custodial Account | Commerce Brokerage Services, Inc.
An UTMA account is opened for the benefit of a minor child and managed by a parent or . Higher contributions will be subject to federal gift tax regulations.
http://www.commercebank.com/wealth-management/investments-and-insurance/accounts/education/UTMA-custodial.asp
UGMA/UTMA
Aug 25, 2012 . Once the child reaches a specified age, the account terminates and the . mutual funds) and insurance policies while UTMA rules allow for the . An UGMA's or UTMA's earning are the child's tax liability, not the custodian's.
http://www.legendgroup.com/Investments/College-Savings-Plans/UGMA-UTMA.aspx
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Use Caution in Taking Advantage of the Law Allowing Custodial ...
The change may be helpful for many clients, but presents a gift tax trap if the custodial account is used for lifetime gifts. Many clients make gifts to their minor .
http://www.hershnerhunter.com/articles/use-caution-in-taking-advantage-of-the-law-allowing-custodial-accounts-to-last-until-age-25
GoalMine UTMA custodial accounts
Learn more about UTMA custodial accounts and how to open one with . Any adult with a valid tax identification can establish a UTMA on behalf of a minor.
http://www.goalmine.com/goalmine-utmas
UGMA and UTMA Custodial Accounts - Advantages and ...
Aside from the requirement to hand over “control” of any remaining money to a . The same tax benefit that makes custodial accounts attractive can also make .
http://collegesavings.about.com/od/ugmautmacustodialaccts/ss/custodialacct_2.htm
Traditional Individual Retirement Custodial Account
The Depositor has assigned the custodial account the amount indicated on the Form in . For tax years after 2008, the above limits will be increased to reflect a cost- . shall be made in accordance with the following requirements and shall .
https://www.dws-investments.com/EN/docs/resources/forms/Form_5305-A.pdf
Custodial Account Used for Support - Tax Guide for Investors
Learn the consequences of using an UTMA or UGMA account for expenses that . note that the income tax regulations say a legal obligation to support another .
http://fairmark.com/custacct/support.htm
TIAA-CREF - Mutual Fund Custodial Accounts
A portion of any earnings from a custodial account, also called Uniform Transfer to Minors Act (UTMA) or Uniform Gift to Minors Act (UGMA), is federal tax-free, .
https://www.tiaa-cref.org/public/products-services/education-savings/custodial
Coverdell Education Savings Custodial Account
The Depositor assigned the Custodial Account the amount indicated on the Application. . rules apply to their situation should consult a competent tax advisor .
http://www.huntingtonfunds.com/ftp/applications/Coverdell_Education_Savings_Custodial_Account.pdf
Custodial 529 Accounts - Edward Jones: Making Sense of Investing
Custodial accounts are governed by laws adopted by each state. These laws . Tax forms are required for accelerated gifting, so it's important to contact your tax .
https://www.edwardjones.com/en_US/products/education_saving/custodial_529/index.html
Instructions for Form 8938 (11/2011)
Enter your name(s), identifying number, address, and tax year as shown on the . Use Part I to report information for foreign deposit and custodial accounts. . more than one account, attach a continuation sheet with the required information for .
http://www.irs.gov/instructions/i8938/ch02.html
Considering Custodial Accounts The Utma Option - College Savings ...
Scholarships.com - Considering Custodial Accounts. . Parents who are turned off by regulations governing 529 and Coverdell account expenditures have another option . However, there are still tax incentives that make the UTMA appealing.
http://www.scholarships.com/financial-aid/college-savings-accounts/considering-custodial-accounts-the-utma-option/
Coverdell Education Savings Custodial Account Adoption Agreement
A Coverdell Education Savings Account is a federally sponsored, tax advantaged custodial account set up to pay for qualified education expenses. Coverdell .
http://www.baronfunds.com/Investing/Coverdell-Applic.pdf/