06/02/2026
Not all education-savings accounts are treated the same way.
For example, families often compare 529 plans with custodial accounts such as UGMA or UTMA accounts. Each can have a place, but they are different in important ways, including control of the assets, flexibility, and how the account may be considered in financial aid conversations.
That does not mean one option is automatically right or wrong. It means the account should match the family’s goals, timeline, and overall plan.
If you are saving for a child’s or grandchild’s education, our free guide can help you understand the questions to ask before choosing a path.
Download the guide here:
https://resources.luxonbrown.com/lp/education-savings-guide
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For informational purposes only. Not tax, legal, or investment advice. Financial aid rules can change and vary by situation. Consult a qualified professional for guidance specific to your circumstances.
Download the guide
https://resources.luxonbrown.com/lp/education-savings-guide
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