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529 Plans: Worth a Second Look
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When considering the financial aspects of a divorce, every asset is worth a second look. In many cases, the parties have 529 plans for their children’s college education. In most mediated settlements, the parties put the 529 plan in the children’s column and there is little discussion over which parent will manage the account. Most clients are not familiar with the rules and regulations that govern 529 plans.
Kristen Shearin
LL.B., CDFA®
Kristen Shearin, attorney and CDFA, is a partner at Passenant & Shearin Law, a family law practice in Charlotte, NC.
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