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.
Custodial Account. Most banks won't set up accounts solely for minors. Instead, they create a custodial account that names one adult, usually a parent, as the custodian. This person has full access to the account, even though the account is in the child's name.This includes online access and the ability to write checks or withdraw funds for any reason. If you're the custodian of your child's account, you can use the money saved there.his person has full access to the account, even though the account is in the child's name. This includes online access and the ability to write checks or withdraw funds for any reason. If you're the custodian of your child's account, you can use the money saved there.