My ex in-laws have a UTMA for my son. His social security number is on this account. When filling out the FAFSA am I required to put that information in? Please help.
Short answer: Yes.
http://www.fastweb.com/financial-aid/articles/should-a-custodial-account-held-by-a-grandparent-be-reported-on-the-grandchild-s-fafsa
http://www.fastweb.com/financial-aid/articles/what-happens-if-you-deliberately-don-t-report-assets-on-the-fafsa
http://www.finaid.org/savings/ugma.phtml
“For financial aid purposes, custodial accounts are considered assets of the student. This means that custodial bank and brokerage accounts have a high impact on financial aid eligibility.”
“UGMA/UTMA accounts generally hurt financial aid eligibility much more than 529 plans.”