NJ Family Issues

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Archive for the ‘Gift/Transfer to Minor’ Category

Once funds are placed into a Uniform Gifts to Minors Account (UGMA), a parent cannot use funds in the account to pay or reimburse herself for expenditures which she is legally obligated to make from her own funds for the benefit of the minor who is the beneficiary of the custodial account

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November 13, 2011 at 5:14 pm

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A judge should not permit a parent to discharge a child support obligation by drawing on a child’s UGMA and UTMA accounts

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October 8, 2011 at 1:42 pm

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Gifts and transfers to minors

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August 1, 2011 at 2:03 pm

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For 2010, the Gift Tax Annual Exclusion will Remain at $13,000

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January 4, 2010 at 11:37 am

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The Uniform Gift to Minor Act and the Uniform Transfers to Minors Act

June 4, 2009 at 7:17 pm

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A custodian who is also a parent cannot properly use assets of a UGMA account to defray the parent’s legal obligations to a child if the parent is financially able to support the child

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December 19, 2005 at 6:15 pm

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A custodian of an UGMA account may not use funds in the account to pay or reimburse herself either for expenditures which she makes for her own benefit or for expenditures which she is legally obligated to make from her own funds for the benefit of the minor who is the beneficiary of the custodial account

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June 29, 1992 at 2:26 pm

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