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.
First off, the parent or guardian of an underage child can open what is called a guardian account for the child. Essentially, this is an account in the parent's name, with legal title to the assets in the account and all capital gains and tax liabilities produced from the account belonging to the parent.owever, it is possible for an underage person to have a brokerage account with his or her own name attached to it, but in order for this to happen, a parent or guardian must also be involved with the account. There are a few different ways this can happen.