Tax Benefits and Estate Planning

Your grandchild isn’t the only one who benefits when you save for their college education.    

For grandparents, contributing or opening a CollegeInvest 529 account for a grandchild can be a very rewarding effort. You’re helping a loved one succeed in their goal for a college education while, at the same time, taking advantage of several tax benefits unique to these plans.

In addition, CollegeInvest savings accounts are also a valuable estate planning tool, providing opportunities to transfer wealth as part of your overall estate plan.

But first, a few words of caution: your intentions and plans are different from others, suited to your specific life situation. And the tax laws can be complicated and apply to some, and may not to others. So we strongly advise you to consider talking with your banker, tax consultant, or a financial advisor for the specific rules and implications to your decisions.

Just the facts

We want to be your trusted resource. Here is the information and references that you should consider and be aware of in reaching your goals:

Tax Benefits

529s offer excellent, and in some cases, exclusive tax advantages to grandparents who contribute to or open an account.
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Estate Planning

In this section we spell-out additional features of CollegeInvest savings accounts and alert you to the primary tax rules for “gifting” and their application to 529 savings accounts.
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Succession Planning

Here we provide information on naming beneficiaries, what if you die before the savings can be used, and other long-term considerations in your estate planning process.
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Basic FAQ’s

Here, we offer a few frequently asked questions from others like you.
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Important Considerations

To learn about CollegeInvest’s 529 program, its objectives, risks, charges, expenses, limitations, restrictions and qualifications regarding the Plans’ benefits and potential tax advantages, please read and consider carefully the Program Disclosure Statements (PDS) available at www.collegeinvest.org before investing. Also, check with your or your beneficiary’s home state to learn if it offers tax or other benefits for investing in its own plan. Administered and issued by CollegeInvest.

CollegeInvest and the CollegeInvest logo are registered trademarks of CollegeInvest.