Money from Grandma?

mazewanderer
Tue, 11 May 2010 13:30:17 +0000

just curious: Is there any tax benefit if the OP’s son withdrew it when he turned 21 and used it for college education? In other words, use the 529 plan now and UTMA when he is 21? Would there be a tax advantage or does it not matter, the same taxes will paid either way?