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Both accounts allow you to transfer financial assets to a minor without establishing a trust.
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UGMA and UTMA accounts allow parents to save money and invest and maintain full control until their child is an adult. The custodian controls the account until the child reaches the age of majority in their state. A custodian, typically a parent or other relative, sets up the account in the child’s name. UGMA and UTMA accounts are custodial accounts under the Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act. Unlike a 529 college savings plan where the funds can only be used for education, the money saved with Acorns Early can go toward anything that benefits the child. This Acorns Early review will help you decide if this type of account is right for your child. It’s an UTMA/UGMA account that lets parents, guardians or family members create a custodial account for a child right in the app. Read the original article.Acorns Early is a simple way to invest in a child’s future. This article is republished from The Conversation under a Creative Commons license. Jones, Assistant Professor of Urban Food Systems, Virginia Commonwealth University
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And some let people make choices when they obtain free food instead of receiving an already packaged selection.īut it remains to be seen whether these efforts can resolve the acorn squash problem.ĭiana Cuy Castellanos, Assistant Professor of Dietetics and Nutrition, University of Dayton and John C. They are distributing cookbooks, making recipe apps available and offering cooking classes. Some food banks and food pantries are making changes to ensure that the people who visit them leave with items that they will eat. But how high is the quality of all this donated food and how much is actually eaten? An acorn squash serving suggestion. All told, these donations add up to about 6.6 billion meals a year. The government provides much of this food, but individuals, nonprofits, restaurants and grocery stores also contribute. Distributing recipes and holding cooking classes If donated food goes to waste, it isn’t helping people get enough to eat – undercutting its entire purpose. Researchers have found that people are about half as likely to eat the turnips, beets and other root vegetables they get from food banks as more familiar and more easily prepared veggies.
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