This is our video which gives more detail about 529 accounts in general College Savings Account Options th-cam.com/video/gsFceVm-N0o/w-d-xo.html (Comment is for education. Not advice)
Great video. Thank you for making it! Question: If a grandparent funds a 529 account, are those contributions reviewed in a Medicare 5-year look back? Are those 529 monies considered personal grandparent assets if the grandparent goes into a nursing facility paid for in part or whole by Medicare? Would these funds have to be withdrawn from the 529 account and used to pay back Medicare or to pay for nursing home fees? Many thanks in advance, Alex
Hi...What happens to the grandparent owned 529 if the grandparent passes away and the kid has not even started college yet?
Usually the is a successor owner assign to the account. (Comment is for education. Not advice) #gfg
Thanks for this informative video. Where Can I ready A-Z about 529 plan. are there any IRS publication that talked about all off these stuff??
This is our video which gives more detail about 529 accounts in general
College Savings Account Options
th-cam.com/video/gsFceVm-N0o/w-d-xo.html (Comment is for education. Not advice)
Great video. Thank you for making it!
Question: If a grandparent funds a 529 account, are those contributions reviewed in a Medicare 5-year look back? Are those 529 monies considered personal grandparent assets if the grandparent goes into a nursing facility paid for in part or whole by Medicare?
Would these funds have to be withdrawn from the 529 account and used to pay back Medicare or to pay for nursing home fees?
Many thanks in advance, Alex
Is a sibling owned 529 treated the same as grandparents?
Yes, starting in 2024, both are invisible to FAFSA. (This comment is for education. Not advice) #gfg