Common use of Rollover and Transfer Contributions Clause in Contracts

Rollover and Transfer Contributions. Xxxxxxxxx ESAs may be rolled over to another Xxxxxxxxx ESA for the same Designated Beneficiary, or to another Xxxxxxxxx ESA for another Designated Beneficiary who is an eligible Family Member so long as the new Designated Beneficiary is under the age of 30. • Trustee-to-Trustee transfers are allowed between Xxxxxxxxx ESAs that are registered in the name of a single Designated Beneficiary. Trustee-to- Trustee transfers are also allowed between Xxxxxxxxx ESAs of a Designated Beneficiary and a Family Member of the Designated Beneficiary. • The amount of any rollover or transfer must be deposited into the receiving Xxxxxxxxx ESA within 60 calendar days after the amount is withdrawn from the distributing Xxxxxxxxx ESA. • Only one rollover between Xxxxxxxxx ESAs is allowed during a 12-month (365 day) period. • Rather than rolling over or transferring the assets of a Xxxxxxxxx ESA to another Xxxxxxxxx ESA, the Designated Beneficiary of a Xxxxxxxxx ESA may be changed (or redesignated as) to another Designated Beneficiary who has not attained age 30 and who is a Family Member.

Rollover and Transfer Contributions. Xxxxxxxxx ESAs may be rolled over to another Xxxxxxxxx ESA for the same Designated Beneficiary, or to another Xxxxxxxxx ESA for another Designated Beneficiary who is an eligible Family Member so long as the new Designated Beneficiary is under the age of 30. • Trustee-to-Trustee transfers are allowed between Xxxxxxxxx ESAs that are registered in the name of a single Designated Beneficiary. Trustee-to- to-Trustee transfers are also allowed between Xxxxxxxxx ESAs of a Designated Beneficiary and a Family Member of the Designated Beneficiary. • The amount of any rollover or transfer must be deposited into the receiving Xxxxxxxxx ESA within 60 calendar days after the amount is withdrawn from the distributing Xxxxxxxxx ESA. • Only one rollover between Xxxxxxxxx ESAs is allowed during a 12-month (365 day) period. • Rather than rolling over or transferring the assets of a Xxxxxxxxx ESA to another Xxxxxxxxx ESA, the Designated Beneficiary of a Xxxxxxxxx ESA may be changed (or redesignated as) to another Designated Beneficiary who has not attained age 30 and who is a Family Member.

Rollover and Transfer Contributions. Xxxxxxxxx ESAs may be rolled over to another Xxxxxxxxx ESA for the same Designated Beneficiary, or to another Xxxxxxxxx ESA for another Designated Beneficiary who is an eligible Family Member so long as the new Designated Beneficiary is under the age of 30. • Trustee-to-Trustee transfers are allowed between Xxxxxxxxx ESAs that are registered in the name of a single Designated Beneficiary. TrusteeTrustee- to-to- Trustee transfers are also allowed between Xxxxxxxxx ESAs of a Designated Beneficiary and a Family Member of the Designated Beneficiary. • The amount of any rollover or transfer must be deposited into the receiving Xxxxxxxxx ESA within 60 calendar days after the amount is withdrawn from the distributing Xxxxxxxxx ESA. • Only one rollover between Xxxxxxxxx ESAs is allowed during a 12-month (365 day) period. • Rather than rolling over or transferring the assets of a Xxxxxxxxx ESA to another Xxxxxxxxx ESA, the Designated Beneficiary of a Xxxxxxxxx ESA may be changed (or redesignated as) to another Designated Beneficiary who has not attained age 30 and who is a Family Member.