Can I control what the minor uses the assets for?
Once the minor reaches the age of majority, they have full control over the assets with no restrictions on use.
Once a minor reaches the age of majority in their state, they become the legal owner of the assets and may use the funds however they choose, with no restrictions or penalties. While these accounts are often opened with goals such as college funding or a first home purchase, there is no mechanism to restrict how the minor uses the assets once they take control.