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Who is considered the owner of the UGMA/UTMA 529 account assets?

account assets owner UGMA UTMA

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The Plan permits the custodian to act as the participant. The designated beneficiary does not have control of the assets in the account until the custodian informs the Plan that the designated beneficiary has reached the age of maturity.

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The Plan permits the custodian to act as the account owner. The beneficiary does not have control of the assets in the account until the custodian informs the Plan that the beneficiary has reached the age of majority.

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The Plan permits the custodian to act as the account owner. The beneficiary does not have control of the assets in the account until the custodian informs the Plan that the beneficiary has reached the age of maturity.

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