d by broker oriented), pdf link at the bottom as the only one I can get to work is long.Your child will own the Custodial/UTMA 529 and the beneficiary can not be changed, but it will still be a 529 for financial aid purposes and less likely to be used for things other than a college education once they are of age and in control (if that is a concern).How you get from a UTMA to a 529 in the most