All about parent capital: how to get, what to use and how to cash out maternity capital

Maternity capital, or as it is called family, is money that the state allocates, in accordance with the law, in order to provide materially to those citizens who have decided to have two or more children. Assets of the parent capital are provided in a non-cash form, as a certificate, and credited to the Pension Fund account in the region or city where the family and children who submitted the necessary documents are registered. In general, maternity capital is a kind of reward to families that have decided to improve the demographic situation in the country.

Where can I go to get family capital?
The basis for obtaining funds is a registered state certificate. It is necessary to apply for it to the administrative body of the PF of the Russian Federation at the place of registration. The right to own this certificate comes from the moment of the birth of the child.
What data should be provided for obtaining maternity capital?
Application for a certificate;
- Original document confirming your identity, place of residence and citizenship (passport);
A certificate confirming the identity, place of residence and the rights of the legal representative certified by a notary, if the intermediary is engaged in the given case;
- a certificate that confirms the birth of a child or a court decision according to which the child was adopted;
-If a man claims a maternity capital, he must submit a document that confirms the death of the mother or that she was deprived of parental rights;
-If the child himself claims to the maternity capital, he must provide a certificate of death of the parents or adoptive parents.
Who has the right to receive maternity capital:
-The woman who gave birth or adopted the second child, since the beginning of 2007. And also the third and the subsequent, if before that she did not draw up additional funds;
- a man who is the sole adopter of every succeeding second child, while he has not previously received the means of family capital, and the court decision on the adoption of the child has received its legal effect since the beginning of 2007;
- children who automatically receive money from their birth from the moment they are born, since they became orphans before reaching adulthood (or twenty-three years, if they are studying at full-time).
Mandatory condition: to cash maternity capital , parents and children must be citizens of the Russian Federation. And it does not matter where they live. Also, dual citizenship is acceptable , but they can use the certificate only within Russia. Maternity capital, the use of which is possible once, will be a good support for the family.
At the moment, cash maternity capital can be in several ways. Some of them are not legal, but on legal terms you can get it:
-for housing construction, if you decide to do it yourself:
-on the repair of the dwelling:
-In quality of compensation of means for the spent repair or construction.
Similarly, the maternity capital can be cashed in half legal way, that is, it is falsely to buy housing from close or familiar comrades. Almost such a transaction is not carried out, as the owner continues to live in the sold house, and the owner of the certificate receives cash. As for children, they become owners of housing, so, in principle, all the conditions of the law are met.

Of course, one should not resort to illegal ways to cash out maternity capital. Any fraud will sooner or later be discovered and solved. And maternity capital, in addition to improving housing conditions, can be used to treat a child or, after several years, on his education.