<p>I’m preparing the CSS profile for early decision and could use help with the UGMA question. The custodian of D’s UGMA account passed away this year. Account has about $5,000 in it. Do I report this on the CSS Profile as a student asset? The NPC shows that she will be expected to contribute $1500 a year from the UGMA so would it make sense to spend the $5k in the first year of college? Or could she even spend some of it this year to pay for high school tuition? Thanks for your help.</p>
<p>Could it be transferred into a 529 account? It would then be treated as a parent asset, rather than a student asset.</p>