Series 51: Custodial 529 Savings Account

Taken from our Series 51 Online Guide

Custodial 529 Savings Account

It is not unusual for a 529 savings plan to be funded in whole or in part by an UGMA or UTMA account. Since the provisions of the UGMA/UTMA remain intact, these funds must be placed into a separate custodial 529 account. Unlike individual 529 plans, an UGMA/UTMA account is owned by the minor child and managed by an adult custodian. As a result, the benef

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Solomon Exam Prep Study Materials for the Series 51
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