No. Contributions to a Coverdell Education Savings Account (ESA) generally cannot be made once the beneficiary reaches age 18, unless the beneficiary has special needs.

Control of the account at age 18 depends on how the account was established. In many cases, the beneficiary may assume control at that age, but this is not required by federal law. The key IRS rule is that Coverdell ESA funds must be used by the time the beneficiary turns 30, unless the beneficiary has special needs.

If the beneficiary will not use the funds, the remaining balance may be:

• Transferred to a younger qualifying family member,
• Rolled into another Coverdell ESA for a qualifying beneficiary, or
• Rolled into a 529 plan, which has no age limits.

Note: Special needs beneficiaries are exempt from both the age-18 contribution cutoff and the age-30 distribution requirement.