Its purpose is to answer their transportation needs, and it is intended to give them joy.â However, soon after the KdF (Kraft-durch-Freude)-Wagen (âStrength-Through-Joyâ car) was displayed for the first time at the Berlin Motor Show in 1939, World War II began, and Volkswagen halted production.
The custodian of an UGMA / UTMA account controls and manages the assets for a minor (the beneficiary of the account). A parent does not have to be the custodian of the account, and you can choose someone else to manage an UGMA / UTMA on your childâs behalf.he custodian of an UGMA / UTMA account controls and manages the assets for a minor (the beneficiary of the account). A parent does not have to be the custodian of the account, and you can choose someone else to manage an UGMA / UTMA on your childâs behalf.
Tips & Warnings. 1  If co-signing on a minor's account, you will be held responsible if the account is abused in any way. 2  It may be a good idea to begin with a basic no-checks and no-ATM card account and slowly build the account over time to offer perks for the minor.nstructions. Check state laws by calling your bank. Some states allow minors to open bank accounts without adult supervision, but these laws vary from state to state and can be explained to you.