Thank you.
Just as an FYI Coverdell https://www.irs.gov/publications/p970/ch07.html#en_US_2015_publink1000178457
You are correct, the beneficiary can be changed so that would make it my asset.
“At least for 529 accounts, yes: if the plan allows it, change the owner to the beneficiary, and it will not need to be reported on the sibling’s FAFSA or Profile.” So no profile either?
With regard to the last, I am not worried about an independent student or her running off with the money. I am more worried about the Sibling 529 Plan being considered an asset. So would consider retitling.
I realize for the student HER OWN 529 would be an asset, the question is whether in her name or mine. For a NON independent 19 year old, if she owns the 529 Plan, will it be her asset for FAFSA or CSS? It seems the answer is it is still mine for FAFSA but what about CSS or does it depend on the school.