custodial account vs. 529

3 votes

Can we put together a checklist/flowchart that shows why someone might want to open a UGMA or 529, or both for their child or grandchild?

Under consideration Suggested by: Kim Abmeyer (28 Dec, '22) • Upvoted: 21 Jun • Comments: 2

Comments: 2

22 Mar
clinton
Including a resource outlining which states are UGMA vs UTMA, and the state-specific age of majority, would be helpful.
21 Jun
Aaron Louisell
https://www.kitces.com/blog/grandparent-owned-529-plans-gifting-appreciated-assets-and-qualifying-for-fafsa-financial-aid/

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