TLC Help Needed

I bought some TLC's in Florida for my son's CESA account through Equity Trust. They are coming due next month. Just one problem. I don't have enough cash in the account to cover the foreclosure. I've fully funded it for all prior years.

So, I sent Equity Trust a check for $4000 to cover a contribution for 2009 and 2010. They sent it back, saying they can't accept it.

Now what????

Assign the certificate to a non-related party (e.g. your son's father in-law if there is one) or a corporation (you and/or him cannot own more than 50% of the corp.).

Good luck!

What is CESA account? Is that a tax-advantaged account?