Opening Your Account

Anyone 18 years of age or older can open a Utah Educational Savings Plan (UESP) account. You can save for your children, grandchildren, and nieces and nephews. In fact, you can even open an account for the son or daughter of a neighbor or friend. Once you open your account, you can change the beneficiary at any time to another family member of the previous beneficiary. Each account owner and beneficiary must be a resident of the United States and must have a valid U.S. Social Security or Taxpayer Identification number.1

Account Ownership
The account owner is a person, company, organization, or trust, and must have a valid U.S. Social Security or Taxpayer Identification number. An account owner does not have to be a resident of Utah; however, lower fees apply to Utah residents and additional tax benefits are available to Utah taxpayers.

The account owner must complete an Account Agreement form to open a UESP account. The Account Agreement can be completed and submitted online, mailed, or faxed.

Although other people may contribute to an account, only the account owner controls how the money in the account is invested or disbursed. There can be only one account owner per account, although a successor can be designated.

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1 Restrictions also apply to all account changes. Please see the Program Description for details.

© UESP 2008
The terms Utah Educational Savings Plan and UESP are registered trademarks.

Investors should read the Program Description and consider all investment objectives, risks, charges, and expenses before investing. The Program Description is available for download on the Web or a hard copy can be mailed to you by requesting it online from this Web site.

Investments are not guaranteed by UESP, the Utah State Board of Regents, the UHEAA, the FDIC, or any other state or federal government agency. Your investment may lose value.

Investors who are not Utah taxpayers should determine whether the state in which they or their beneficiary reside or pay taxes offers a 529 plan, and if so, whether that plan offers state tax or other benefits not available through UESP.

 

For more details about how our plan works download a copy of our Program Description.

Click here to download.
Click here to request a copy be sent to you