Get Form 505 Account Owner/agent Change - Utah Educational Savings ...

The Form 505 is an essential document for managing Utah Educational Savings Plan accounts. This guide provides clear, step-by-step instructions to ensure users can successfully complete the form online while adhering to all necessary requirements.

Follow the steps to complete the form accurately.

1. Click the ‘Get Form’ button to obtain the form and open it in your preferred editing platform.
2. Begin by entering the current account owner or agent information. This includes the UESP account number, Social Security number, name of the account owner or agent, and the beneficiary's name. Ensure all sections are filled out clearly and accurately.
3. Next, provide details for the new account owner or agent. Indicate whether the new owner is an individual or an institution by completing either section 2A or 2B. For individuals, include their relationship to the beneficiary and confirm their age and identification.
4. If the new account owner is an institution, you must include the institution's name and necessary legal documentation that confirms the individual’s authority to act on behalf of the institution.
5. Choose the delivery method for quarterly statements and communications by selecting either 'online' or 'U.S. mail.' If opting for online delivery, provide an email address.
6. Both the current account owner/agent and the new account owner/agent must sign the form in the designated sections. Be sure to print your name and the date next to your signature.
7. Review the completed form for accuracy and completeness, then save your changes. You can download, print, or share the form as needed.

Complete your Form 505 Account Owner/Agent Change online today for efficient management of your educational savings.