529 Plan Ownership Rules Explained

529 plans offer a dedicated way to save for education costs. Generally, parents or grandparents open up 529 accounts to build up a war chest for the beneficiary to eventually use on college or other educational costs.

Since the primary contributor to a 529 isn’t the beneficiary of the account, the ownership rules might feel a bit murky.

We get clear on 529 plan ownership rules in this guide.