Multiple Education Savings Accounts


H

HW \Skip\ Weldon

The following post was cross-posted. With corrected headers, it is
copied below.

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Subject: Multiple Education Savings Accounts
From: (e-mail address removed)

Can more than one person establish an Education Savings Accounts for
the same child? Must these parties be related to the child, ie:
parents, grandparents? If the account is in the parents or friends
names how is the income reported to the IRS? Does all or some of this
income remain tax deferred until it has been fully utilized by the
beneficiary?

Last but not least, I would like to find discount brokerage houses
that handle self directed "Education Savings Accounts".


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-HW "Skip" Weldon
Columbia, SC
 
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