Recommended

Crypto Deposit Make instant crypto transfers to your futures account
USDT-M Perpetual Futures Trade futures contracts settled in USDT
VIP Fee Discounts Enjoy different fee discounts based on your VIP level
Coin-M Perpetual Futures Trade futures contracts settled in cryptocurrency
Fiat Deposit Buy your favourite coins in seconds
Affiliates Invite friends & get rewarded
Convert Covert your crypto instantly
Support Centre Find our FAQs here
Announcements Find all our official announcements
BTCC Academy Learn about blockchain and crypto
News The latest trends in the crypto market

Promotions

Referral
Campaigns
Assets
Crypto Deposit
Fiat Deposit
Convert
Transfer
Withdraw
My vouchers
Fund history
Dashboard
Account Security
Identity verification
API Management
Transaction Report
Log out
register
Report post
529 account vs custodial account Bnb XRP aave Bonk coinbase futures litecoin futures cardano futures

Who is the custodian of a 529 plan account?

The custodian of a custodial 529 plan account is not the same as the account owner of the 529 plan. It is inaccurate to refer to the account owner of a regular 529 plan account as the custodian of the account. The custodian cannot change the beneficiary or account owner of a custodial 529 plan account.

What is a custodial 529 plan?

A 529 plan can be established as a custodial account or an individual account. The way the plan is set up determines who has control over the money in the account. All 529 plans have an account owner and a beneficiary. In a custodial 529 plan arrangement, the student is both the owner and the beneficiary.

Are custodial accounts more flexible than a 529 plan?

A custodial account is more flexible than a 529 plan because it does not have the same usage restrictions. However, it lacks the tax benefits of a 529 plan. Once the child reaches adulthood, the funds in a custodial account become their property and they can use the money however they want.

Related articles

The World's Leading Crypto Trading Platform

Get my welcome gifts

Exchange for a better future

Products
Services
Guides
About Us
Terms & Agreement
Customer Service

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2025 BTCC.com. All rights reserved