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If you have questions, please call us at 888.659. 6378, MondayFriday, 7 a.m. to 7 p.m. (CT). 4.
A custodial 529 plan account is similar to a regular 529 plan account, but with the student as both account owner and beneficiary. When the student is a minor, the account must be managed by a custodian (typically a parent or grandparent) until the student docHubes the age of majority.
Q. Who controls a 529 prepaid tuition account? A. The account purchaser maintains control over all of the money in the account and is the only one who can request account changes or refunds.
The Nebraska State Treasurer is Program Trustee. Union Bank Trust Company is Program Manager. Investments are approved by the Nebraska Investment Council.
A 529 plan is technically a custodial account. So, an adult custodian will control the funds for the benefit of a minor. The beneficiary can assume control over the 529 once they docHub age 18. However, the funds must still be used for qualifying education expenses.
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nsto | About the Treasurer. Tom Briese is a fourth generation corn and soybean farmer from Albion, Nebraska. He is a graduate of the University of Nebraska-Lincoln and the University of Nebraska College of Law.

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