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529 Plan Ownership Rules Explained
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529 plans offer a dedicated way to save for education costs. Generally, parents or grandparents open up 529 accounts to build up a war chest for the beneficiary to eventually use on college or other educational costs.
Since the primary contributor to a 529 isn’t the beneficiary of the account, the ownership rules might feel a bit murky.
We get clear on 529 plan ownership rules in this guide.
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