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« Thoughts on the Bible, Tithing, Giving, and Faith | Main | Can Money Buy Happiness? »

April 21, 2008


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Can you only make the 60k contribution at the beginning or is this something you can do throughtout the lifespan of the 529? I understand that a tax form is involved and that during those 5 years you cannot contribute additional amounts without being subject to gift tax. The owner of the 529(parent or grandparent) can change the beneficiary but what happens when he expires?

I have two young kid(21months and 2 1/2 month old. My wife and I max out the annual contributions to both but are curious as to what is a better plan.

This is a great article. I've been considering taking this route.

Any input on how to link this strategy with a Living Trust to ensure the account owner can be transferd, and, to spell out how funds are to be used by future generations? Would you do this in your living trust or in another trust document?

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