Answer:
A. The beneficiary
Explanation:
Coverdell Education Savings Account is an investment plan that is used to cover the beneficiary's future education expenses and it has tax advantages. When this account is opened, the beneficiary must be under 18 and when the person graduates and all the expenses has been paid and there is money available on the account, it can be withdrawn by the beneciary but it will be subject to taxes. According to this, funds left over from a Coverdell Education Savings Account go back to the beneficiary.
Answer:
A
Explanation:
A Coverdell Education Savings Account is a tax-advantaged investment plan that is used to fund the beneficiary's future school costs. After this account is set up, the benefactor should be under the age of 18, then after the person has graduated, all expenses have been paid, and there is funding available on the account, the beneficiary can transfer the money, but it will be taxed. Any funds remaining in a Coverdell Education Savings Account are returned to the beneficiary, according to this rule.
