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wrjohnston91283: "I have a 529 plan for my son. He is the beneficiary of the plan, and I am the account owner (fidelity refers to me as the participant on my statements).

Fidelity requires checks to be made out to Fidelity when depositing money into the account. They don't seem to have an easy way for family members to make contributions to the plan (such as Connecticut's CHET plan).

My parents want to make a gift to the 529 plan to fall within their annual gift limits. Can they write the checks out to "Fidelity", or should they make the checks out to my son's name, and then I need to open a custodial checking account for the single purpose of depositing these checks, and then writing checks from the custodial account to the 529? I'd rather not go through the hassle of opening an account and having to keep track of ANOTHER checking account if I don't need to.

Additionally, my parents do not want this gift to be to me (they want to retain the ability to make gifts to me should they chose to)"

Contrary to the other two respondents, I do not think you can do what you say you want to do.

You own the 529 plan. A gift to the 529 plan is a gift to you, NOT your son. Owners can always withdraw funds from a plan.

If the gift is to your son, then you would need to open another 529 plan account in which your son was both the owner and the beneficiary.

Putting your son's assets into your 529 plan is converting his assets.

Regards, JAFO
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