Q: In regard to 529’s, are the accounts regarded as probated assets to the individual who set them up upon their death?  Or, does it just pass on to the successor contributor?

A: Generally, the only assets that are probated are the ones without beneficiary designations. If the 529 plan has a beneficiary designation, then it will go to that person. If there is no designated person, then the asset will be probated.

 

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