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Can I transfer assets in a Coverdell Education Savings Account to MESP?

April 26, 2017assets Coverdell Education MESP savings account transfer

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Can I transfer assets in a Coverdell Education Savings Account to MESP?

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Yes, but you should discuss this with your financial advisor to determine if there are any tax or other consequences. To do a transfer, use the Rollover Form (PDF, 56KB).

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* Can assets from an UGMA/UTMA account … http://www.misaves.com/faq/rollovers.

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… for many of your clients. MESP is federal and Michigan income tax-free for Michigan residents. Your clients may be eligible for a Michigan tax deduction, and MESP also offers estate and gift tax benefits. What are the investment options? MESP offers you a choice of seven investment options: Conservative … http://www.misaves.com/faq/fin_advisors.