Xxxxxxxxx Education Savings Account. If your Account has the same Beneficiary as the Xxxxxxxxx Education Savings Account, then the Rollover is generally tax-free for federal income tax purposes. If you wish to move such assets, please speak with your financial professional. Appropriate documentation for a Xxxxxxxxx Education Savings Account is an account statement issued by the financial institution that acted as a trustee or custodian of the savings account that shows basis and earnings on the account. Qualified U.S.
Xxxxxxxxx Education Savings Account. You may fund your Account by moving assets from a Xxxxxxxxx Education Savings Account (ESA). Please indicate that the assets were liquidated from the ESA on the Enrollment Form or with any additional investments. Unlike UGMA/UTMA accounts, the Beneficiary may be changed to a Member of the Family of the beneficiary of the ESA. Making distributions from an ESA to fund an Account for the same Beneficiary may not be considered a taxable transaction. Consult your tax advisor for more information.
Xxxxxxxxx Education Savings Account. Minimum initial investment is $1,000 per Fund (or $100 per Fund if Automatic Investment Plan). Indicate your investment amount in the Fund(s) and Class(es) on the following page. If no class is indicated, Class A shares will be purchased.
Xxxxxxxxx Education Savings Account. You may roll over (transfer) the redemption of part or all of your existing Xxxxxxxxx Education Savings Account and invest it as a contribution to XXXX Advisor Plan Account. You must complete an Incoming Transfer/Rollover Request Form. You must also provide an account statement or Form 1099-Q issued by the financial institution that redeemed the account that shows the earnings portion of the redemption of the account. Withdrawals from the Account may affect other education tax incentives available to you. Please consult your tax adviser. Subject to the limitations set forth above, you may transfer funds to either an Account that is owned by you or an Account that is owned by another Account Owner. A transfer of funds from your Account to an Account that is owned by another Account Owner may have adverse federal or state tax consequences and Account Owners are urged to consult their own qualified tax advisors prior to requesting any such transfer. If a transfer of funds causes the aggregate market value of all accounts in the Program (including all accounts in the XXXX Advisor Plan and the Direct Plan) for the same Beneficiary to exceed the Maximum Account Balance Limit, the excess amount will be rejected and returned. If you are transferring funds from another qualified tuition program to an Account in the XXXX Advisor Plan, the program from which you are transferring funds may restrict or prohibit such transfer or impose charges, so you should investigate any transfer thoroughly before requesting such a transfer.
Xxxxxxxxx Education Savings Account. This Custodial Account Agreement may not be used to establish a Xxxxxxxxx Education Savings Account, as defined in section 530 of the Code, or to accept contributions made by or on behalf of any Beneficiary of same.
Xxxxxxxxx Education Savings Account. If your account is held as a Xxxxxxxxx Education Savings Account, your account will be governed, additionally, by the Custodial Agreement for Xxxxxxxxx Education Savings Accounts which are provided at the time you open your account.
