Sit Coverdell ESA Transfer of Assets Form
Description of Form
The Sit Coverdell ESA Transfer of Assets Form is used to transfer assets from one account beneficiary to another account beneficiary.
Who Uses This Form?
Responsible Individuals or the designated beneficiary (if reached age of majority) may transfer the assets tax-free to a family member of the designated beneficiary.
- The new designated beneficiary must be under the age of 30.
- See IRS Publication 970 at www.irs.gov for additional details.