Using 529 Savings Plan as an Estate Planning Tool

Using 529 Savings Plan as an Estate Planning Tool

Most people think of a 529 Savings Plan as a college savings program, but did you know that it can be used for much more?  The funds can be used for college tuition, room and board, qualifying education expenses such as books and computers, and even certain elementary school, high school, and graduate school expenses.  A lesser known fact about 529 Plans is that they are also excellent estate planning tools. The beneficiaries of 529...