Divorce and 529 plans: What Are the Tax Consequences?

By | November 21st, 2014|

As the cost of college continues to increase, many parents opt to open 529 plans in order to help save for their children’s tuition. These plans, which are operated by a state or educational institution, offer federal and state tax benefits and allow the donor—often a parent—to retain control of the account. When it’s the [...]