Putting 529's into a trust

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RenoJay
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Joined: Tue Nov 17, 2009 11:20 am
Location: Nevada

Putting 529's into a trust

Post by RenoJay »

My friend is going through a divorce and his ex wife wants him to put their kids' college accounts (529's and UTMA's) into a trust, presumably to ensure safe-keeping. Are there any downsides from a tax or other standpoint to putting these kind of accounts into a trust?
HoosierJim
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Joined: Wed Mar 24, 2010 7:11 pm

Re: Putting 529's into a trust

Post by HoosierJim »

There a list of advantages and disadvantages in this article about How to Make a Trust an Account Owner of a 529 Plan.
Topic Author
RenoJay
Posts: 748
Joined: Tue Nov 17, 2009 11:20 am
Location: Nevada

Re: Putting 529's into a trust

Post by RenoJay »

Thanks very much. What about UTMA accounts...any trust implications there?
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