The minor on whose behalf the account has been established is the owner of the account. However, until the minor reaches the age of account termination under applicable state laws and in accordance with the Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA), there must be a custodian listed on the account. If the minor dies prior to reaching the age of account termination, the account is included in the minor's estate.

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...

Yes. However, there are tax and legal consequences that you should consider. The sale of assets in the UGMA/UTMA may be considered a taxable event. You should consult your tax/legal advisor concerning any consequences of withdrawing the funds from their existing investment. In addition, the beneficiary of the UGMA/UTMA must be the beneficiary of the 529 account and cannot be changed. The account will continue to be governed by UGMA/UTMA laws. See similar questions...

Yes. An UGMA/UTMA account can be liquidated, which would be a taxable event, and the money placed into a 529 account. The custodian on an UGMA/UTMA account has the obligation to use the assets for the benefit of the child. The custodian responsibilities for those assets would still apply. 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...

You can redeem assets from an UGMA/UTMA (Uniform Gift to Minors Act/Uniform Transfers to Minors Act) account, but you may be liable for income taxes on any gains upon redemption. Once the UGMA/UTMA proceeds are used to contribute to a 529 plan, the minor of the UGMA/UTMA must be named both the Account Holder and the Beneficiary of the 529 Account and cannot be changed. For more information, please consult your financial consultant. See similar questions...

A UGMA account, or in some states, a Uniform Transfer to Minors Act (UTMA) account, is a custodial account which allows parents to irrevocably give assets to a child for tax benefits and still maintain control of the assets while the child is young. The child does get full control when he or she reaches the age of majority (ages 18-21 depending on the state). It is an inexpensive and simple alternative to a trust. See similar questions...

Many (but not all) 529 plans accept funds coming from an existing UTMA or UGMA. However, because these funds belong to the minor under a custodial arrangement, any withdrawals from the UTMA/529 account must be for the benefit of that minor only. Program rules and state laws will generally prevent you from making any beneficiary changes to the UTMA/529 account, and the minor will assume direct ownership of the account when the custodianship terminates at the age of majority. See similar questions...

this time, we don't have an artist transfer mechanism. We do plan to implement this feature in the near future though. See similar questions...

You can log in at our main page via the login box by entering your e-mail address and password (be sure to select 'ListOwner'). If you forgot your password, click on Forgot Login Info. See similar questions...

A successor/alternate Account Owner can be designated at the time the account is established. The Successor Account Owner will become the Account Owner in the event of the death or legal incapacity of the Account Owner. See similar questions...

A qualified Trademark owner for the purposes of the Sunrise Registration Period is anyone who holds a Trademark or Service mark applied for prior to July 11, 2005 and granted before the date of the domain name application. See similar questions...

A company can never be considered as an author of a work. However, it can become the owner, if the author creates the work within the scope of an employee's duties. A distinction between contract of employment and contract for services. In the first case the employer becomes the owner and in the second case the author becomes the owner. See similar questions...

owner is responsible for the following: electricity (which is a contract between the owner and Palmetto Electric Cooperative); telephone (which may be provided by Hargray Communications, although the resort does provide wireless internet access at each site); liability insurance the resort’s general liability policy will provide coverage for the resort and its members as a commercial operation. Members are limited to the commercial, third-party exposure only. See similar questions...

eV generated from transactions in the previous month will be posted on the Business Owner's "eCosway Rewards Transaction Statement" (see sample below) in his / her Online Office by the 15th of the following month. eV earned from the program can be viewed in two ways: a. See similar questions...

To add a joint owner to your account, a new signature card is required with all joint owner’s signatures. To remove a joint owner, a removal card must be signed by the joint owner before we can remove the name. This would require a notary if not done at one of our branch locations. In the event of a death, a death certificate must be presented and the name will be removed. Both of these types of transactions can be done at any of our branch offices. See similar questions...

Your national Korg distributor should be able to provide you with a manual; they may charge a nominal fee. See similar questions...