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Who can open a Utah Educational Savings Plan (UESP) account?

April 26, 2017account educational Plan savings uesp Utah

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Who can open a Utah Educational Savings Plan (UESP) account?

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Any U.S. citizen or resident alien who is at least 18 years old, has a valid U.S. Social Security or Taxpayer Identification number, and has a physical U.S. address can open a UESP account. This means that parents, grandparents, other relatives, or friends can save through UESP. You can even open an account for yourself. There are no age or income limits on who can invest money. Trusts and corporations can also be account owners with the proper documentation.