Xxxxxxxxx ESA-to-Xxxxxxxxx ESA Rollovers. Funds distributed from a Xxxxxxxxx ESA may be rolled over to another Xxxxxxxxx ESA of the same Designated Beneficiary or that of a qualifying family member if the requirements of IRC Sec. 530(d)(5) are met. A proper Xxxxxxxxx ESA to Xxxxxxxxx ESA rollover is completed if all or part of a distribution is rolled over not later than 60 days after the distribution is received. The Responsible Individual may not have completed another rollover from the distributing Xxxxxxxxx ESA during the 12 months preceding the date the distribution was received. Further, the Responsible Individual may roll the same dollars or assets only once every 12 months.
Appears in 4 contracts
Samples: Custodial Education Savings Account Agreement, Custodial Education Savings Account Agreement, Custodial Education Savings Account Agreement
Xxxxxxxxx ESA-to-Xxxxxxxxx ESA Rollovers. Funds distributed from a Xxxxxxxxx ESA may be rolled over to another Xxxxxxxxx ESA of the same Designated Beneficiary or that of a qualifying family member if the requirements of IRC Sec. 530(d)(5) are met. A proper Xxxxxxxxx ESA to Xxxxxxxxx ESA rollover is completed if all or part of a distribution is rolled over not later than 60 days after the distribution is received. The Responsible Individual may not have completed another rollover from the distributing Xxxxxxxxx ESA during the 12 months preceding the date the distribution was received. Further, the Responsible Individual may roll the same dollars or assets only once every 12 months.
Appears in 2 contracts
Samples: Coverdell Education Savings Account Trust Agreement, Coverdell Education Savings Account Trust Agreement
Xxxxxxxxx ESA-to-Xxxxxxxxx ESA Rollovers. Funds distributed dis- tributed from a Xxxxxxxxx ESA may be rolled over to another Xxxxxxxxx ESA of the same Designated Beneficiary or that of a qualifying family member if the requirements of IRC Sec. Section 530(d)(5) are met. A proper Xxxxxxxxx ESA to Xxxxxxxxx ESA rollover is completed if all or part of a distribution is rolled over not later than 60 days after the distribution is received. The Responsible Individual may not have completed another rollover from the distributing Xxxxxxxxx ESA during the 12 months preceding the date the distribution was received. Further, the Responsible Individual may roll the same dollars or assets only once every 12 months.
Appears in 1 contract
Samples: Wealth Management Agreement
