In assessing funding of education after divorce, it is important to understand who owns the asset. Which of the following education-funding vehicles remain the property of the parent, rather than an asset of the beneficiary child?

Question

Quizplus · Accepted Answer

A 529 Plan remains the property of the parent, even though it is set up for the benefit of the child. UTMA, 2503b trust, and Coverdell ESA are all assets of the child and can potentially affect financial aid eligibility as well.

In Assessing Funding of Education After Divorce, It Is Important