What’s a grandparent-owned 529 faculty financial savings plan? How do they work? What do it’s worthwhile to find out about them and what modifications ought to you realize about?
A grandparent-owned 529 plan is a kind of 529 faculty financial savings plan the place the account proprietor is a grandparent, versus a dad or mum. The grandchild is the beneficiary.
One other various can be a custodial 529 plan account, the place the grandchild is each the account proprietor and beneficiary, however the grandparent serves as custodian. There is no such thing as a…
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