CSS Profile 2021-22 529 plans owned by others

BelknapPoint
Mon, 28 Dec 2020 02:48:53 +0000

A relative could name you as the beneficiary of a 529 account that they own, and they would have no obligation to tell you. So how could there be a Profile rule that you “have to” report an account owned by someone else that names you as a beneficiary when it’s entirely possible you might have no idea that the account exists?