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.
Exclusions - Individual Retirement Accounts cannot be opened as UTMA accounts. All funds withdrawn from the account must be used for the benefit of the minor. â¢ The custodian, NOT the Bank, is responsible for monitoring the use of the funds in the account. The social security number of the minor must be used for interest reporting purposes. â¢ Only the parent or legal guardian can certify the minor's SSN. â¢ Unless the custodian is the parent or legal guardian, the custodian may not certify the minor's SSN.