Two types of minor custodial accounts exist: the Uniform Transfers to Minors Act (UTMA) and the Uniform Gift to Minors Act (UGMA). A minor custodial account is designed to hold and protect assets for minor beneficiaries. These accounts are set up by a donor (usually a child’s parent/s) so that the donor, another adult,

College costs For the 2024–2025 college year, the average annual cost of attendance (known as the COA) at a four-year public college for in-state students is $29,910, the average cost at a four-year public college for out-of-state students is $49,080, and the average cost at a four-year private college is $62,990 (many private colleges cost

        529 savings plans are tax-advantaged education savings vehicles and one of the most popular ways to save for college today. Much like the way 401(k) plans changed the world of retirement savings a few decades ago, 529 savings plans have changed the world of education savings. Tax advantages and more 529