<p>You should be fine moving it now since a rollover from a custodial UGMA to a custodial 529 is not a taxable event, all that should matter is where the assets are the day you fill out the FAFSA…</p>
<p>FinAid.org has good guidance on the rules for this…</p>
<p>[FinAid</a> | Saving for College | Section 529 Plans](<a href=“Your Guide for College Financial Aid - Finaid”>Section 529 Plans - Finaid)</p>
<p>“Parents who have saved money in their child’s names using a traditional UGMA or UTMA account should consider liquidating the account and rolling the money over into the custodial version of a 529 college savings plan. UGMA and UTMA accounts are treated as child assets, with a negative impact on financial aid eligibility. Money in a custodial 529 plan is treated as a parent asset, which is more favorable than a child asset. This will significantly improve the eligibility for need-based financial aid.”</p>