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re: Tax Gurus--START Plan (529) Transfer

Posted on 6/21/17 at 4:28 pm to
Posted by fatboydave
Fat boy land
Member since Aug 2004
17979 posts
Posted on 6/21/17 at 4:28 pm to
I think they either have to get the funds out and pay taxes or there might be a chance to just change the person it was set up to benefit. The grandparents can fund an account for your daughter.

I would check into having daughter added as beneficiary on your parents account set up for you rather than paying taxes.



Posted by RatLTrap
Member since May 2017
290 posts
Posted on 6/21/17 at 6:54 pm to
Seems like they can set up another beneficiary and transfer the excess funds to that account.
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