Drew - Consumer

Member since 03-30-2000
Last visited 09-02-2010
StatePA
Posts 27,283

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rsk4cu21 wrote 529 Plans are not Gifted
on 03-17-2010 7:36 AM

 529 Plans are owned by the Account Owner.  That is the individual that opened the account.  There are held "for the benefit" of a minor for elidgeble education expenses.  The only way they are gitfted to a minor is through a Notorized Acct Transfer replacing the ownership.   This is not recommended and defeats the purpose of 529 Plans.  If you want to gift to a minor,  use a UGTM.

Asuka wrote Thanks a lot *^_^*
on 02-06-2010 9:10 PM

Thank you for all of your advice and your patience. I appreciate your kindness to a foreinger.

girl_1113 wrote Not very smart.
on 11-04-2009 9:19 AM

If you cannot give decent advice. Keep your ignorance to yourself.

Insidersout wrote Re: Contempt or not...
on 08-14-2009 3:45 AM

Thank you for your input! You brought some insight that will definitely help me in how to approach my situation and what I need to do to accomplish a positive result.

Any other advice you might have would be greatly appreciated.

marymac wrote Thank you!!
on 07-21-2009 5:27 PM

I attempted to enter a reply but it generated an error. Sorry about that but I lose my wits with things like this since I do web sites for money. I have been at it for many, many years. In any case, I appreciate hearing from you and hope this message reaches you. You offered me wise counsel and I wish I could find someone as capable as you are obviously. 

Here goes....clicking the button right now!

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