[ucodegen]

This should help:
http://www.finaid.org/savings/ugma.phtml

The Uniform Transfer to Minors Act (UTMA) is similar, but also allows minors to own other types of property, such as real estate, fine art, patents and royalties, and for the transfers to occur through inheritance.

[quote flu]
If someone decides to sue me for something, the UTMA/UGMA isn’t really considered my estate, right?
[/quote]
Correct. They are both irrevocable trusts.

It is not possible to transfer money back to the parent from a child’s custodial account because the original transfer was an irrevocable gift. Once the money has been given to the child, it is owned by the child. The child does not have the capacity to gift the money back to the parent, and the custodian would be violating his or her fiduciary responsibility if he or she transferred the money back into his or her own name or used it for his or her own personal benefit.

Hope that helps..

NOTE: 529s are slightly different. See last paragraph of the link I referenced above.

[ucodegen]

This should help:
http://www.finaid.org/savings/ugma.phtml

The Uniform Transfer to Minors Act (UTMA) is similar, but also allows minors to own other types of property, such as real estate, fine art, patents and royalties, and for the transfers to occur through inheritance.

[quote flu]
If someone decides to sue me for something, the UTMA/UGMA isn’t really considered my estate, right?
[/quote]
Correct. They are both irrevocable trusts.

It is not possible to transfer money back to the parent from a child’s custodial account because the original transfer was an irrevocable gift. Once the money has been given to the child, it is owned by the child. The child does not have the capacity to gift the money back to the parent, and the custodian would be violating his or her fiduciary responsibility if he or she transferred the money back into his or her own name or used it for his or her own personal benefit.

Hope that helps..

NOTE: 529s are slightly different. See last paragraph of the link I referenced above.

[ucodegen]

This should help:
http://www.finaid.org/savings/ugma.phtml

The Uniform Transfer to Minors Act (UTMA) is similar, but also allows minors to own other types of property, such as real estate, fine art, patents and royalties, and for the transfers to occur through inheritance.

[quote flu]
If someone decides to sue me for something, the UTMA/UGMA isn’t really considered my estate, right?
[/quote]
Correct. They are both irrevocable trusts.

It is not possible to transfer money back to the parent from a child’s custodial account because the original transfer was an irrevocable gift. Once the money has been given to the child, it is owned by the child. The child does not have the capacity to gift the money back to the parent, and the custodian would be violating his or her fiduciary responsibility if he or she transferred the money back into his or her own name or used it for his or her own personal benefit.

Hope that helps..

NOTE: 529s are slightly different. See last paragraph of the link I referenced above.

[ucodegen]

Sharks with lasers.

For that, you need a large Koi pond… with Koi to feed the sharks… 😉

[ucodegen]

Sharks with lasers.

For that, you need a large Koi pond… with Koi to feed the sharks… 😉

[ucodegen]

Sharks with lasers.

For that, you need a large Koi pond… with Koi to feed the sharks… 😉

[ucodegen]

Sharks with lasers.

For that, you need a large Koi pond… with Koi to feed the sharks… 😉

[ucodegen]

Sharks with lasers.

For that, you need a large Koi pond… with Koi to feed the sharks… 😉

[ucodegen]

Buddy of mine has nice video showing his business being broken into and his stuff carried off, never to be seen again. 🙁

Just need a small blow-dart system to fire an RFID tag(like used on pets) into the thief as he goes by a ‘choke point’… 8-P

[ucodegen]

Buddy of mine has nice video showing his business being broken into and his stuff carried off, never to be seen again. 🙁

Just need a small blow-dart system to fire an RFID tag(like used on pets) into the thief as he goes by a ‘choke point’… 8-P

[ucodegen]

Buddy of mine has nice video showing his business being broken into and his stuff carried off, never to be seen again. 🙁

Just need a small blow-dart system to fire an RFID tag(like used on pets) into the thief as he goes by a ‘choke point’… 8-P

[ucodegen]

Buddy of mine has nice video showing his business being broken into and his stuff carried off, never to be seen again. 🙁

Just need a small blow-dart system to fire an RFID tag(like used on pets) into the thief as he goes by a ‘choke point’… 8-P

[ucodegen]

Buddy of mine has nice video showing his business being broken into and his stuff carried off, never to be seen again. 🙁

Just need a small blow-dart system to fire an RFID tag(like used on pets) into the thief as he goes by a ‘choke point’… 8-P

[ucodegen]

[quote UCGal]
Isn’t Android based on Linux? You’d be hard pressed to say a cell phone isn’t embedded.
[/quote]
Yep..
http://en.wikipedia.org/wiki/Android_%28operating_system%29

[quote UCGal]
I work in embedded programming… I see products by our company and our competitors with Linux every day. (I work on vxwords stuff, though).
[/quote]
Also some home routers use Linux. The gov likes Linux on security related stuff.. because the source code for everything can be inspected.

[ucodegen]

[quote UCGal]
Isn’t Android based on Linux? You’d be hard pressed to say a cell phone isn’t embedded.
[/quote]
Yep..
http://en.wikipedia.org/wiki/Android_%28operating_system%29

[quote UCGal]
I work in embedded programming… I see products by our company and our competitors with Linux every day. (I work on vxwords stuff, though).
[/quote]
Also some home routers use Linux. The gov likes Linux on security related stuff.. because the source code for everything can be inspected.

[Author]

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