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Online Asset Protection Quiz.

Are 529 accounts for a child's college tuition safe from creditors?

The answer here depends largely on state law. But even when these accounts are fully protected, they are only safe if the transfer of funds to the account is a completed gift and the account is properly titled as a custodial account under the child’s Social Security number. The same holds true with other transfers under the Uniform Gift to Minors Act (UGTMA). Transfers to these accounts, however, may be recovered as fraudulent.

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The Presser Law Firm, P.A. - Asset Protection Attorney
Located at 6199 N. Federal Highway Boca Raton, FL 33487. View Map
Phone: (561) 953-1050
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