If grandparents are going to financially assist their grandchildren for college, they need to know that student’s assets are assess much higher than the parent’s assets. So, a 529 plan in the student’s name may not be such a good idea. In addition, parents and grandparents should shy away from UTMA’s and UGMA’s for the student. There better ways to save for children that are college bound. Contact our office for more information.

How grandparents can save for their grandchildren’s college
News Source: Deseret News