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Can I transfer assets from an existing UGMA/UTMA custodial account to a NextGen account?

April 26, 2017account assets custodial existing NextGen transfer UGMA UTMA

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Can I transfer assets from an existing UGMA/UTMA custodial account to a NextGen account?

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If you have established a custodial account for a child under the Uniform Gift/Transfer to Minors Act (UGMA/UTMA), you may be eligible to liquidate those assets and deposit the proceeds into a NextGen Account. Certain restrictions may apply. See the Program Description in the Enrollment Kit for more complete information.

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Posted

If you have established a custodial account for a child under the Uniform Gift/Transfer to Minors Act (UGMA/UTMA), you may be eligible to liquidate those assets and deposit the proceeds into a NextGen account. Certain restrictions may apply. See the NextGen Program Description for more complete information.