<prompt> Human: I would like to contribute in some way to my 2 year old nephews financial future, but his parents are irresponsible multiple bankruptcies, foreclosures, tons of CC debt, etc. and I dont want them to have access to the money in any way. If possible, I dont even really want to tell them about it until he grows up, because I dont want them asking for the money.I have considered creating a 529 for him. If I do that, will I be able to own the account instead of his parents? Should I buy some EE bonds, and is it even possible to do that without involving the parents? Or something else? I would probably not be contributing large amounts of money. I am thinking at least 100 annually, maybe more in the future.Thanks.  <response>: create 529 for self, change the name to a new beneficiary nephew when he is 18 