Naming a successor to your 529 account (Video)

05/11/2012

QUESTION:
Dear Joe,  

I am the account owner of 529 plans for two grandchildren. I wish to make my daughter (their mother) the successor account owner. If I die before the funds have been used, who will become the owner of these assets with regard to the financial aid application (FAFSA)?

  -- Stanley

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ANSWER:

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