Question: Select the correct statement. Group of answer choices You cannot change the beneficiary on an UTMA/UGMA account. You cannot change the beneficiary on an Educational

Select the correct statement.

Group of answer choices

You cannot change the beneficiary on an UTMA/UGMA account.

You cannot change the beneficiary on an Educational Savings Account

You cannot change the beneficiary on an Edvest Account

If used for education, the earnings on an UTMA/UGMA account are not federally taxed; the earnings on an Edvest or Educational Savings Account are federally taxed.

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