Which technique matches a parents objective?

1. A parent who wants to transfer real property to a child but does not want to pay for the expense of creating a trust should establish a UGMA account.
2. A parent who wants to save for a childs education in a tax-advantaged education account should consider establishing a 529 plan.
3. A parent who wants to distribute income to one child and the principal to another should establish a UTMA account.
4. A parent who wants to take an annual exclusion of $75,000 this year should establish a 2503(c) trust.