How You Can Use Your 529 Savings Plan as an Estate Planning Tool

How You Can Use Your 529 Savings Plan as an Estate Planning Tool

Many parents use 529 savings plans as a way to let their child’s college funds grow tax-free. Did you know, however, that 529 plans are not just for parents and children? They are also not limited to use for tuition. Parents, grandparents, and other adults with children, grandchildren, nieces or nephews can use a 529 savings plan not only to fund college tuition, but to ensure that a myriad of other expenses are covered for their loved ones,...