<p>My daughter’s $12K savings account appears to be a UGMA type costodial account. She just turned 18 (Nov. 2008). Based on the responses so far, it seems like the best option for FAFSA treatment would be to move the money to a child-owned UGMA/529 prior to filing her FAFSA. Can I still do this now in Jan. 2009 and then flie the 2009 FAFSA (early Feb.) to gain a more favorable treatment of this asset?</p>