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Hi Guys... This is my first post here, but it seemed like the most appropriate board to use. I apologize if this has been answered before, but I couldn't find an answer when I did a search.

DH and I are DINKs and overweighted in DELL stock. His brother's daughter will turn 1 in January, and we'd like to open a college fund for her. We just want to put in a small amount, but we figure she definitely has time on her side! We'd like to use some of our DELL stock to fund this account. When I asked my financial advisor friend, he said that this couldn't be done. He suggested we sell the stock and open a 529 account with the funds. I'm thinking that he was just interested in selling us a mutual fund though.

Is it really impossible to gift stock to start a college fund?

THANKS!

:-) Juice
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