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Can assets from an UGMA/UTMA account be transferred to MESP?

April 26, 2017account assets MESP transferred UGMA UTMA

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Can assets from an UGMA/UTMA account be transferred to MESP?

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Yes, though transferring UGMA/UTMA assets into a 529 plan account may result in a tax liability. You should discuss this with your financial advisor. Read more FAQs.

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