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.
In a UTMA account, the minor is not merely the designated beneficiary; he or she is the owner. The donor or custodian cannot change the owner. Revocation. The owner of a 529 account can take the money back and use it for his or her own purposes (but must pay tax and penalty on the earnings). A transfer to a UTMA account is irrevocable: the donor cannot take the money back. Control.