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.
The other type of account is a custodial account, where you don't own the money -- your child does. As long as your child is a child, you still control the account, but any withdrawals (or dividends, for that matter) are taxed at your child's rate.This is, of course, generally lower than your own.ust kidding. If your child doesn't get a paycheck, then you can choose between two types of accounts where there are no maximum contribution limits. The first is a guardian account, in which you own the money. It's yours.