Credit: sitthiphong/Adobe Stock The Overlooked Benefits of a 529 College Savings Plan
Many individuals remain wary of 529 accounts because the use of these funds is limited to educational purposes. However, hidden incentives and benefits may make these accounts worth another look in your client's estate plan.
May 17, 2023 at 01:30 PM
7 minute read
Investments and Investment Advisory
529 college savings plans are typically thought of as plans used by parents of young children as a vehicle for college savings, as well as qualified education expenses, which include tuition and fees, books, room and board, computers, and more. The funds can also be used for tuition at eligible public, private and religious K-12 schools, up to $10,000 per year, per beneficiary. However, they also can play a significant role as part of an individual's estate plan.
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