Tag: 529s

Onward Intel: The 411 on Multiple 529s

When families have multiple children, deciding who should own each 529 college savings plan can get tricky. The good news: there’s flexibility. Ownership doesn’t have to fall under one parent — each plan can be managed individually per child. This article breaks down five common ways parents handle 529 ownership after divorce or separation, from single-owner setups to split or dual plans, and highlights key points to cover in your agreement, including contributions, usage, and tax implications.

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Disclaimer: Information found on Onward.Life, and in this article is for informational purposes only and should not be considered legal, financial, or tax advice. For guidance on your specific situation, please consult with a qualified attorney, financial advisor, or tax professional.