West Michigan Financial Services
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529 Plans and Estate Planning
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 | 529 Plans and Estate Planning In addition to their primary use as a college savings vehicle, 529 plans are increasingly being used for another purpose — estate planning.
This estate planning use has emerged thanks to special tax rules surrounding lump-sum
contributions to 529 plans, combined with the convergence of two powerful trends — boomer
grandparents and soaring college tuition. | | More Details |
 | 529 Plan Basics Section 529 plans are governed by federal law but are sponsored by states and, less commonly, colleges.
All plans may have slightly different features, but must conform to the federal
framework. There are two types of 529 plans — savings plans and prepaid tuition
plans. | | More Details |
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Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to
investment risk, including the possible loss of value.
NOT FDIC-INSURED. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY THE BANK. MAY GO DOWN IN VALUE.
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| Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2019. |
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