| |
|
|
Frequently Asked Questions |
|
|
|
Beneficiaries
| 2. |
Can a child be the beneficiary of more than one 529 account?
|
| |
Yes, the same individual can be a beneficiary on several 529 accounts. For example, a parent and grandparent can open an account for the same child or a parent can open multiple accounts for the same child. There isn’t a limit on the number of accounts that can be in place for a single child. The state’s limitation on the maximum contribution applies to the beneficiary. If two accounts are held in two different state plans, the two states are not required to consider balances in the two accounts when computing maximum contributions, though some states have begun to do this.
|
| 1. |
Who is included in the definition of a beneficiary's immediate family? |
| 1. |
Who can be a beneficiary? |
|
|
|
|
Do you want guidance in selecting a 529 plan? Click the Contact Us button below and speak to a live advisor, or drop us an email and we will be pleased to assist you. If you are a do-it-yourself person, click the Professor for his assistance in sorting and ranking plans or click on the National Map to locate a specific state's 529 program.
|
|
|
|
