<p>I don’t have the answers to either of your questions, but you could post on [Savingforcollege.com</a> - The internet guide to funding college and Section 529 college savings plans.](<a href=“http://www.savingforcollege.com%5DSavingforcollege.com”>http://www.savingforcollege.com) If you do not get satisfactory answers on that forum then they have a feature where you can search for the closest 529 pro and ask your question. Tax laws keep changing and it may be best to consult someone who has access to the latest info in the field.</p>