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A custodial account is an account that parents can set up and manage on their minor child’s behalf, and the child is able to take over the account upon becoming a legal adult.
Here’s how custodial accounts work. Home & Garden. Medicare
A custodial account is a financial account (such as a bank account, a trust fund or a brokerage account) set up for the benefit of a beneficiary, and administered by a responsible person, known as a legal guardian or custodian, who has a fiduciary obligation to the beneficiary. [1]
Orchard Place is an agency based in Des Moines, Iowa, United States, which provides inpatient and outpatient mental and behavioral health services for youth. It is one of the oldest social service agencies in Des Moines which began as the Home for Friendless Children, an agency dedicated to finding foster or adopted homes for destitute or abandoned children.
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Under the UGMA or UTMA, the ownership of the funds works like it does with any other trust and the donor must appoint a custodian (the trustee) to look after the account for the benefit of the beneficiary. [citation needed] Until 1986, a UGMA or UTMA account allowed the assets to be taxed at the minor's income tax bracket. Tax law changes in ...
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A walk-in clinic in Toronto, Canada. A walk-in clinic (also known as a walk-in centre) is a medical facility that accepts patients on a walk-in basis and with no appointment required. A number of healthcare service providers fall under the walk-in clinic umbrella including urgent care centers, retail clinics and even many free clinics or ...