Musica40
Dryer sheet aficionado
Hope I am asking the right groups. My wife and I opened an education account for our two grandsons. Our son asked if there was any way that we could switch this to an UTMA. It is a Uniform Transfers to Minors Act,. The reason he asked was because he feels that a college education is not as important as it might have been 20-30 years ago. He also feels that maybe by the time the kids are eligible, they may choose to not got to school and do something else with their lives. Our oldest grandson has medical issues that might prevent him from going to college. He is however starting to be a very good artist and this might be his future. We would like to withdraw the funds from the ESA and transfer to the UTMA so that they have the option of doing what they wish when that time comes. The oldest is 10 and the youngest is 6 years old. Any thought or advice would be greatly appreciated.