The ShareBuilder Custodial Account is an investment account created for the benefit of a minor. Custodial accounts are opened under the Uniform Transfer to Minors Act (UTMA), or the Uniform Gift to Minors Act (UGMA) of your respective state. The minor is the owner of the account and its assets. However, a custodian must manage the account until the minor reaches the age of distribution in accordance with the laws of the state under which the account was established.

If you have established a custodial account for a child under the Uniform Gift/Transfer to Minors Act (UGMA/UTMA), you may be eligible to liquidate those assets and deposit the proceeds into a NextGen Account. Certain restrictions may apply. See the Program Description in the Enrollment Kit for more complete information. You may be able to roll over assets from another qualified tuition program or an Education IRA to a NextGen Account. See similar questions...

Although you can't open a separate HSBC Direct Online Savings Account for a child under the age of 18, you can open an account in your name and add your child as the beneficiary. It's simple: Once your Online Savings account is open, and your Personal Internet Banking is set up, you can send us a BankMail (located on the left side menu within Personal Internet Banking) with your child's name. Once we receive your BankMail, we will list your child on the account as a beneficiary. See similar questions...

Most 529 plans allow such a transfer, but there are a few special rules. Money you put into the kids' custodial accounts was an irrevocable gift, and moving it to a 529 account doesn't change that fact. The money can never be shifted to another beneficiary, for example, and your children will control it when they reach the age of majority, either 18 or 21, depending on state law. See similar questions...

Funds invested in an UGMA or UTMA account (Uniform Gift to Minors Act/Uniform Transfer to Minors Act) belong to the minor. The custodian has a legal obligation to use the funds solely for the benefit of the minor. To maintain the proper ownership of these funds, a GET account must name the minor as both the account owner and the student beneficiary. You also will need to name a custodian or trustee to manage the account on the minor's behalf. See similar questions...

This is a very important area, especially when Medicare is the insurer. Medicare will cover the cost of home health care by a certified agency. In most cases, patients are under the care of a home health agency for a limited time, 60 days is the initial "episode". Patients sometimes become very used to having a person assist them with personal care duties and want to continue those services. However, Medicare ONLY covers services associated with the treatment of a condition. See similar questions...

Remember, a non-custodial parent is responsible for supporting his or her child even if that parent is still a minor. The judge will look at a young parent's income while he or she is still in school and decide how much support must be paid. The non-custodial parent's income can be reviewed again after he or she has finished school and begins working. The judge will decide what changes need to be made in the child support payment. See similar questions...

Contact the Friend of the Court for enforcement if the back support equals at least one month of past due payments. Your complaint should be forwarded to your Judicial Service Officer either in writing, by phone, or you may appear in person at the Friend of the Court between the hours of 8:00 AM to 5:00 PM, Monday through Friday. Distribution is a federally prescribed formula for determining how to apply payments to the various support accounts. See similar questions...

Both state and federal law give non-custodial parents access to children's educational records, including " a copy of the child's report card, notice of school attendance, names of teachers, class schedules, standardized test scores and any other records customarily available to parents." (TCA ? 49-6-902. Non-custodial parents should request copies of these records in writing. See similar questions...

Again, communicating your carefully developed Expanding Breakfast plan with the custodial staff is key to combating resistance that you may get. Within that plan explain how you recommend dealing with trash (see FAQ 2) and be open to custodial staff suggestions. Emphasize that the cafeteria will not have to be cleaned and overall the custodial work may be decreased since the students are responsible for cleaning up after themselves. See similar questions...

This is a great question, because it's one of the most important overlooked questions. The answer is sometimes yes, sometimes no. It's important to pinpoint exactly what it will cost to maintain the home, factoring in taxes and inflation. The next step is to analyze if there is enough money coming in to stay comfortable in the home (in other words, pay the bills each month). See similar questions...

In the past, a parent that did not hold the label of having "primary physical custody" was required to pay child support based on net income and child support guidelines. Under the new law, the label of custodial parent or non-custodial parent becomes irrelevant. Child support is based on the gross incomes of both parents and the amount of time that each spends with the child. See similar questions...

Our goal is to bring money into your household. If the non-custodial parent is incarcerated, it is very difficult to collect and therefore, Supportkids will not be able to assist. However, when you find out the he/she is out of jail, please call Supportkids as we may be able to help you at that time. See similar questions...

We request that you provide written instructions for all changes you wish to make to your account, including an address change. Please always clearly indicate the name of the security you own. See similar questions...