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Can I open an account in the Texas College Savings Plan 529 Plan with money from my childrens UGMA/UTMA account?

April 26, 2017account children College Savings money Plan Texas UGMA UTMA

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Can I open an account in the Texas College Savings Plan 529 Plan with money from my childrens UGMA/UTMA account?

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Yes. You must first redeem your current UGMA/UTMA account. 529 accounts opened with assets from an UGMA/UTMA account are subject to additional restrictions. Please see the Plan Description for more details.