If you decide not to go to college, the funds can be transferred to a sibling, niece, nephew, or even your own children. They do have to be moved out of the Coverdell ESA before you turn 30 years old so you don’t incur a penalty.
If you decide not to go to college, the funds can be transferred to a sibling, niece, nephew, or even your own children. They do have to be moved out of the Coverdell ESA before you turn 30 years old so you don’t incur a penalty.