Changing Beneficiaries in a 529 Account: Implications and Planning

In this chapter, the speaker explores whether changing beneficiaries in a 529 account can be considered gifting and discusses the implications for estate tax planning. They clarify that the initial fund transfer is considered a completed gift, but changing beneficiaries afterwards does not incur gift tax implications. They also discuss the potential benefits of using a 529 account to start a Roth IRA for a newborn.