<p>
</p>
<p>Not true, it’s very easy to move money from a UGMA to a child-owned UGMA/529, as long as we’re talking about the same child, of course. I did the same thing as sblake; opened a child-owned UGMA/529 for both sons, and transferred cash from both of their UGMAs into the UGMA/529s. Everything was at Fidelity since Fidelity manages the plan for California, but any brokerage that offers 529s can do this.</p>
<p>I agree that custodial (UGMA) accounts have restrictions, but transferring to a like-titled 529 account isn’t one of them.</p>