529 Plans
Learn how 529 education savings plans work with estate planning to fund future education, reduce taxable estates, and maximize tax benefits for families.
Can 529 plan contributions reduce my taxable estate?
Yes, 529 plan contributions can help reduce your taxable estate while funding education. Contributions may qualify for annual gift tax exclusions, and some states allow you to contribute up to five years' worth of annual exclusions at once. The funds are removed from your estate while you retain control over the account and can change beneficiaries if needed.
