Tax Expert Noel Spencer: Coverdell Education Savings Account Beneficiary Change

| 26 Jan 2018 | 04:07

Yes, provided:
1. The terms of the particular trust or custodial account permit a change in designated beneficiaries (each trustee or custodian will control whether options like this one are available in the accounts they offer), and
2. The new designated beneficiary is a member of the previous designated beneficiary's family.

Noel Spencer
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