Date: Mon, 29 Jan 2007 07:06:34 -0600
From: joetaxpayer 
Subject: Re: 529 question
Newsgroups: misc.invest.financial-plan
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scotton wrote:
> When our daughter was born I opened a 529 acct with me as the owner and she
> was the beneficiary. After her baptism, we had lots of checks that all
> went into her 529 acct.  I don't think it would be a problem. If your
> child's grandparents have already opened a 529 acct with them listed as
> the owner I don't see why you couldn't contribute to it.
> HTH

Since the 529 beneficiary can be changed, taking money that belongs to 
the minor already and putting it into the 529 isn't advised.
I believe the question comes up more often as "I have a UGMA/UTMA 
account for my child, can I put it into his/her 529?" The answer tends 
toward 'no'.
JOE