4503bb26_or_UGMA_UTMA____Dogberry_Patch__529_Plan
[Rules for 2006] Federal Gift Tax Treatment [Coverdell ESA] Same as 529 plan but 5-year election only available under special circumstances [UGMA/UTMA] Transfers treated as completed gift; apply $12,000 annual gift exclusion | No gift involved; direct payments of tuition not considered gifts [529 Plan] 
Contributions treated as completed gifts; apply $12,000 annual exclusion, or up to $60,000 with 5-year election
College Funding: 529 Plan, Coverdell ESA , or UGMA/UTMA? - Dogberry Patch
529 Plan