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Is there a penalty for not transferring a UGMA UTMA account to the child when heshe reaches the age of majority?
Wiki User
∙ 14y ago
Is there a penalty for not transferring a UGMA UTMA account to the child when heshe reaches the age of majority?
Wiki User
∙ 14y ago
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What is the legal age for an underaged mother with a child be classified as an adult?
When she reaches the age of majority for her state, age 18-21.
How could you sue your parents for taking money from your bank account and refusing to put it back?
If you're a juvenile, then no. If the money was given to you by them and not earned or given by outside sources, then definitely no. If the account is jointly held with one or more parents, no too. However, if it's money you've earned or been given by others and the account is in your name only you have two options: If you're 18 or older, you can sue. If you're still a juvenile, you can report it to the police as a theft. * It is not considered stealing or larceny, obviously the parent(s) are on the account or they could not have withdrawn money except by the use of forgery which is a different matter. However, the law presumes that a parent will use such funds in the best interest of the child or family and will not be subject to penalties until the child reaches the age of majority and chooses to pursue litigation of their own accord. DO NOT contact the local police in connection with such a matter.
How far does cocoa have to be transported before it reaches the UK?
how far does cocoa beans have to travel till it reaches the UK
Uniform Transfers to Minors Act plus what to do when child reaches 21?
uniform transfers to minors act plus what to do when child reaches 21?
Are parents legally responsible for children who are above the age of 18 in Georgia?
No, they are no longer legally responsible for a child that reaches the age of 18. Once a child reaches the age of majority, they are on their own. There may be a court order that establishes some additional responsibilities for child support and college costs.
What penalties are there for emptying my 401k account?
If someone empties their 401k account before it reaches a certain level then there is a 10% penalty on the money in the account. There are some exceptions to this penalty.
When am I allowed to withdraw funds from my IRA?
Funds can be withdrawn from an IRA at almost any time although there is a 10% penalty if they are withdrawn before the account reaches a certain level. Each employer may be different.
In New York is a child emancipated when they turn 18 years old?
In New York, one reaches the age of majority when they turn 18. Emancipation is a process available in some states before a minor reaches the age of majority
How energy travels without particles?
Radiation is a common method of transferring energy. The light from the sun, or from your light bulb, reaches you via electromagnetic waves. These require no medium for their transmission.
When is the legal age to stop child support?
I believe it is when the child reaches 18 years of age, the age of majority. This is federal; however, there are other terms "age of majority" which do not pertain to child support. The drinking age "of majority" is different.
What is the legal age for an underaged mother with a child be classified as an adult?
When she reaches the age of majority for her state, age 18-21.
Can a father stop paying child support when his daughter reaches the age of 21 in New Jersey?
The terms of the support order dictate when child support is to end. If the court order does not stipulate a specific time the support can end when the minor child reaches the age of majority. In New Jersey the age of majority is 18.
Can your 17-year-old daughter move out with your permission?
Yes. This does not relieve you of your responsibility to provide support until she reaches the age of majority.
Can child support continue after a child reaches the age of majority if he enrols in college?
not unless it is back support...you have to motion the court to have it stopped
At what age can a child opt out of visitation in the state of Nevada?
When he or she reaches the legal age of majority which for the State of Nevada is 18, or by a court order.
How long should medical facilities keep records on minors?
Until the minor reaches the age of majority, plus 3 years.
Under what circumstances is it not allowed to kick your daughter out of your house?
Parents are legally and financially responsible for their minor children until the child(ren) reaches the age of majority as established by the laws of the state of residency or until a court rules otherwise. The age of majority in most states is 18, until that time the parent(s) must support the minor or make arrangements such as a boarding school, transferring custody through the proper court procedures or petitioning the court to be relieved of their parental obligations and show "just cause" as to why the action should be allowed.
