do you know if paying for higher education expenses with a 529 prepaid tuition plan (instead of a 529 savings plan) determines whether one might be eligible for the LLC and/or the AOTC?
if grantor is married, trust would/should be secondary beneficiary of insurance policies & retirement accounts, correct?
Thank you. My question wasn't about trust construction, but about whether it'd be practical to name as successor 529-account owner an already-existing trust that ends when beneficiary turns 35.
are you able to teach them to fish rather than giving them a fish?