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.
Under federal law, minors (generally, those under the age of 18 in most states) cannot open savings accounts in their own name alone. However, a minor can open a custodial account. custodial account is technically the property of the minor but is managed by an adult, often referred to as a custodian, until the age of majority. Since the money inside of the account is considered the minorâs property, a custodian may not make withdrawals for his or her own benefit.