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    529 Plans in Divorce



    Do you need legal help?

      529 Plans in Divorce



      529 Plans in Divorce



      Do you need legal help?

        The staff is extremely friendly and knowledgeable. They truly care about their clients and walk you through the process every step of the way. I highly recommend Jean and here team for any legal needs.

        – Joseph B.

        They were so kind and caring throughout the whole experience. Walked with me through everything. They made a difficult and painful time more. I would recommend them to in a heartbeat. Best decision about the divorce I made.

        – Kelli F.

        Was a real advocate for me while going through my divorce. Responded to emails and calls promptly and guided me through the entire process. Fair, responsive and frankly a light during a tough time.

        – Melissa W.

        Mahserjian NY Divorce Guide Attorney

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        Do you need help with a divorce in Saratoga? Watch this video to learn how the courts handle your children’s grandparent 529 plans in divorce. Then give our attorneys a call to set up a free review.


        Question:

        What is Important to Know About 529 Plans in Divorce?

        Answer:

        Grandparent 529 plans in divorce are not subject to equitable distribution unless they are in your name. It is not uncommon for our firm to be informed that our client’s parents or the other spouse’s parents have a college savings account for their grandchildren. Generally, these accounts are 529 plans, which are owned by the grandparents rather than by the grandchildren. These accounts are titled to the grandparent, while the grandchildren are listed as beneficiaries of the account. If the grandparent is the owner of a 529 plan, that account is not going to be divided in the action for divorce. It will not be addressed by the court because it belongs neither to either of the parties nor to any of the grandchildren.


        Are you looking for a quick and painless divorce? You might be wondering “What is Important to Know About Equitable Distribution?”. Contact our experienced Saratoga divorce attorneys today for a free consultation and case evaluation.

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        Client Reviews

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        “The staff is extremely friendly and knowledgeable. They truly care about their clients and walk you through the process every step of the way. I highly recommend Jean and her team for any legal needs.”
        – Joseph Bona
         
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