Two popular options emerge in this landscape: UTMA/UGMA custodial accounts and 529 plans. While both serve the purpose of ...

If you're looking to set aside money for your children or grandchildren, two great options to consider are 529 Plans and UTMA ...

Best investment accounts for kids Teen-owned brokerage account 529 college savings plan Coverdell education savings account Custodial Roth IRA UGMA or UTMA custodial accounts Who's this for?

Editor’s note: This is the fourth article in a six-part series focused on paying for education using smart financial and estate planning. Other articles focus on direct tuition payments, 529 ...

One way around this is to liquidate the UGMA or UTMA and transfer the assets to a 529 college savings plan. These accounts are treated as an asset of the parent on the Free Application for Federal ...

UGMA/UTMA: Universal Gifts to Minors Act (UGMA ... If you are set on saving for college, a 529 is likely the best choice. But if you are looking for something more flexible, a brokerage account ...

In a custodial account, the 529 plan is owned by the minor child, who is also the beneficiary, and the child gains full control of the account once he or she is of legal age (usually 18 or 21).