Today, we’re answering a question a lot of parents and grandparents have: What happens if you change the beneficiary of a 529 plan to someone outside the family? Are there any tax implications, and if so, who actually pays the taxes and penalties?

Today, we’re answering a question a lot of parents and grandparents have: What happens if you change the beneficiary of a 529 plan to someone outside the family? Are there any tax implications, and if so, who actually pays the taxes and penalties?

Are There Tax Implications If I Give A 529 plan To Someone Else?

These Podcasts will help you understand the major changes in the 2026-2027 Free Application for Federal Student Aid (FAFSA) and other important issues related to selecting and paying for college expenses. These podcasts are a must-listen for college-bound students and parents. If you have any questions, please call us at (502) 931-3137.

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These Podcasts will help you understand the major changes in the 2026-2027 Free Application for Federal Student Aid (FAFSA) and other important issues related to selecting and paying for college expenses. These podcasts are a must-listen for college-bound students and parents. If you have any questions, please call us at (502) 931-3137.

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Are There Tax Implications If I Give A 529 plan To Someone Else?

Are There Tax Implications If I Give A 529 plan To Someone Else?